Former Seattle, Washington financial advisor William Sandeman (CRD# 831384) was recently sanctioned and barred in connection with alleged rule violations....
Read MoreRobert Crothers: Osaic Advisor Faces Suitability Complaint
Holbrook, New York financial advisor Robert Crothers (CRD# 1648677) recently received an investor complaint alleging that his advice resulted in damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Osaic Wealth, having previously been registered with American Portfolios Financial Services.
Mr. Crothers’ BrokerCheck report discloses one investor complaint. Filed in July 2024, it alleges that as a representative of American Portfolios Financial Services, he recommended an unsuitable “high-risk private placement.” The pending complaint alleges unspecified damages.
An earlier investor complaint, filed in 2005, alleged that as a representative of Ladenburg Capital Management, he breached contract, charged excessive fees, and breached his fiduciary duty. The complaint evolved into an arbitration proceeding before a NASD panel, which issued an award to the customer of $10,000.
According to the Financial Industry Regulatory Authority, Robert Crothers holds 37 years of securities industry experience. Based in Holbrook, Illinois, he has been registered as a broker and an investment advisor with Osaic Wealth since October 2024. His registration history includes American Portfolios Financial Services (Holbrook, New York; 2001-2024), GBI Capital Partners (Bethpage, New York; 1994-2001), Josephthal Lyon & Ross (New York, New York; 1992-1994), AJ Michaels & Company (Hauppage, New York; 1989-1992), Investors Center (1988-1989), and Blinder Robinson & Company (1987-1988). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 34 state licenses. (Information current as of October 20, 2024.)
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