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Robbie Msallem: Citigroup Advisor Denies $2 Million Complaint
Glendale, California financial advisor Robbie Msallem (CRD# 3199470) recently received an investor complaint alleging his conduct resulted in damages of $2 million. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with Citigroup Global Markets.
Mr. Msallem’s BrokerCheck report discloses two investor complaints. The most recent, filed in December 2022, alleges that as a representative of Citigroup Global Markets, he misrepresented material facts and recommended unsuitable investments in Coupon Barrier Autocall structured notes. The pending complaint alleges damages of $2,000,000. In a statement included with the complaint’s disclosure, Mr. Msallem defends himself against the allegations, writing that he “denies all allegations and any wrongdoing.”
A second investor complaint, filed in 2016, alleged that as a representative of Citigroup Global Markets, he sold a variable annuity which suffered losses to an investor who “did not want to risk his principal.” The complaint alleged damages of $18,000 and was denied by the firm.
According to the Financial Industry Regulatory Authority, Robbie Msallem holds 23 years of securities industry experience. Based in Glendale, California, he has been a broker and an investment advisor with Citigroup Global Markets since 2007. His past registrations include Citicorp Investment Services (Glendale, California; 2003-2007), Cal Fed Investments (Sacramento, California; 2002-2003), Gateway Investment Services (Oak Park, Illinois; 2002), Essex National Securities (Napa, California; 2001-2002), Stifel Nicolaus & Company (St. Louis, Missouri; 2001), and Dean Witter Reynolds (Purchase, New York; 1999-2001). His credentials include the passage of five securities industry qualifying exams: 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 Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Colorado, the District of Columbia, Florida, Idaho, Louisiana, Maryland, Michigan, Missouri, Nevada, New Jersey, Oklahoma, Oregon, South Carolina, Utah, Virginia, and Washington. (Information current as of January 14, 2023.)
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