Robert Borea: FINRA Investigates Stone Wall Advisor

A recent regulatory investigation into Shelton, Connecticut financial advisor Robert Borea (CRD# 7236153) concerned allegations that he violated industry rules. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Money Concepts Capital broker is currently registered as an investment advisor with Stone Wall Money Management.

Mr. Borea’s BrokerCheck report discloses FINRA’s investigation into his conduct. Filed in November 2026, the disclosure states that FINRA made a preliminary determination to recommend disciplinary action against him. The action would allege that he violated industry rules by “making intentional misrepresentations and omissions of material fact to a firm customer in connection with the purchase or sale of a security,” and by “providing a customer with false and misleading documents about the existence and value of an annuity in the customer’s account.” The proposed disciplinary action has not yet been taken by FINRA.

Investors should be aware that FINRA rules and other securities industry standards prohibit brokers like Mr. Borea from giving customers incomplete or misleading information regarding investments. FINRA Rule 2020 specifically stipulates that no registered representative may “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who make misrepresentations or omissions of material facts regarding investment recommendations may lead their clients to invest in unsuitable securities, in violation of FINRA Rule 2111. Representatives who misrepresent and/or recommend unsuitable investments may be held liable for damages in the event of losses. They may also be subject to disciplinary action by FINRA, the Securities and Exchange Commission, or state securities regulators.

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Robert Borea holds five years of securities industry experience. Based in Shelton, Connecticut, he has been registered as an investment advisor with Stone Wall Money Management since 2025. He was previously registered with Money Concepts Capital Corporation from 2020 until 2025. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; and the Uniform Combined State Law Examination, or Series 66. (Information current as of November 9, 2026.)

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