Bob Anderson: $956K Complaint Against Anderson Financial Advisor

Hiawassee, Georgia financial advisor Bob Anderson (CRD# 2355813) recently received an investor complaint alleging his conduct resulted in damages of more than $900,000. Records provided by the Financial Industry Regulatory Authority indicate that the Raymond James-affiliated broker is also a representative of Anderson Financial Services.

Mr. Anderson’s BrokerCheck report discloses several investor complaints. The most recent, filed in November 2022, alleges that as a representative of Raymond James Financial Services, he followed the instructions of a trustee who did not have the authority to appoint a successor trustee. The pending complaint alleges damages of $956,794.23.

A second investor complaint, filed in 2017, alleged that he breached his fiduciary duty, acted negligent, and was negligent in his supervisory duties as a representative of Raymond James Financial Services. The complaint reached a settlement of $14,999.

A third investor complaint, filed in 2007, alleged negligence, breach of fiduciary duty, breach of contract, unsuitable investment advice, and supervisory failures while he was at Raymond James. In 2008 the complaint reached a settlement of $150,000.

According to the Financial Industry Regulatory Authority, Bob Anderson holds 29 years of securities industry experience. Based in Hiawassee, Georgia, he has been a broker and an investment advisor with Raymond James Financial Services since 1999 and 2009, respectively. He is a representative of Anderson Financial Services. His past registrations include Raymond James Financial Services (Blairsville, Georgia; 2003-2009), Robert Thomas Securities (St. Petersburg, Florida; 1995-1999), and Dean Witter Reynolds (Purchase, New York; 1993-1995). His credentials include the passage of eight securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Registered Options Principal Examination, or Series 4; the Municipal Securities Principal Examination, or Series 53; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Alabama, California, Colorado, Connecticut, Florida, Georgia, Kentucky, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, South Carolina, Tennessee, Texas, Virginia, and Washington. (Information current as of January 8, 2023.)

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