FINRA has barred broker Robert James Halldin (also known as Bob Halldin) for allegedly refusing to appear for on-the-record testimony requested by FINRA in connection to their investigation originated from a review of a series of Form U5 amendments filed by his former FINRA member firm, according to FINRA’s Letter of Acceptance, Waiver and Consent (AWC), under review by attorney Alan Rosca.
During FINRA’s investigation, the findings stated that the Form U5s disclosed complaints and arbitrations filed against Halldin alleging that he traded securities in individuals’ brokerage account held away from the firm, the AWC notes.
Investor rights attorney Alan Rosca of the Rosca Scarlato LLC law firm is investigating activity related to Robert Halldin’s alleged participation in trading securities in individuals’ brokerage accounts held away from the firm.
Investors who are concerned about their investments with Halldin are encouraged to contact Alan Rosca with any useful information, or for a free, no obligation consultation and discussion of recovery options by calling 888-998-0530, via email at arosca@rscounsel.law, or complete the contact form on this webpage.
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Robert James Halldin Customers Were Paid Over $400K in Settlements
According to Halldin’s FINRA Brokercheck page, two customer disputes were reported as settled, filed between 2016 and 2019 totaling over $400,000 in settlements. One customer filed a dispute in January 2018 alleging unsuitable investments in accounts held away from the firm. The customer was seeking $106,739 for the alleged damages and in April 2019, the customer received a settlement to the tune of $47,500.
Another customer filed a dispute in May 2016 alleging churning, unsuitable investments, unauthorized trading, and overconcentration. The customer was seeking $751,414 for the alleged damages and in December 2019, they received a settlement of $400,000.
Robert Halldin Has Faced Several Civil Liens
The Harbourage Place Condominium Association filed a civil lien against Halldin on August 5, 2020 in the amount of $67,275.71 according to his FINRA Brokercheck page.
The Harbourage Place Condominium Association filed another civil lien against Halldin on January 14, 2014 in the amount of $195,903.34, as stated on his FINRA Brokercheck page.
Multiple Bankruptcies Filed by Halldin Between 2014 and 2020
The FINRA Brokercheck Report for the former broker Bob Halldin shows multiple bankruptcies filed between 2014 and 2020:
- Chapter 7 Bankruptcy filed in May 2011 in the U.S. Bankruptcy Court, Fort Lauderdale Florida; the case was dismissed shortly after in June 2011;
- Chapter 7 Bankruptcy filed in March 2014 in the United States Bankruptcy Court for the Southern District of Florida;
- Chapter 13 Bankruptcy filed in September 2015 in the U.S. Bankruptcy Court for the Southern District of Florida; the case was dismissed almost one year later in April 2016;
- Chapter 13 Bankruptcy filed in February 2017 in the United States Bankruptcy Court for the Southern District of Florida; the case was dismissed in June 2017;
- Chapter 11 Bankruptcy filed in November 2017 in the United States Bankruptcy Court for the Southern District of Florida; case dismissed in April 2019;
- Chapter 13 Bankruptcy filed in October 2017 in the United States Bankruptcy Court for the Southern District of Florida; the case was dismissed in August, 2018.
- Chapter 7 Bankruptcy filed in August 2020 in the Bankruptcy Court for the Southern District of Florida, case that currently shows as pending as of the date of this article.
Halldin Was Registered with FINRA Since 1986
According to Halldin’s FINRA Brokercheck page, he was registered with FINRA for 31 years and switched employers 13 times. Most recently he was registered with American Portfolios Financial in Newington, Connecticut, from February 2012 until July 2017 when American Portfolios Financial allegedly filed a Form U5 terminating Hallin’s registration. According to an update filed in April 2019, the firm disclosed that Halldin “may have engaged in conduct actionable under applicable statute, rule, or regulation”, FINRA reports.
Investors should note that starting August 2017, Robert Halldin is a registered investment adviser with Vestech Asset Management in Newington, Connecticut, as reported by his IAPD report.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Securities Lawyers May Be Able to Help
Securities Lawyers at Rosca Scarlato LLC law firm have years of experience in defending investor loss cases. They often represent victims of broker misconduct and are currently evaluating recovery options for investors who believe they suffered losses as a result of former broker Robert Halldin’s alleged misconduct.
Typically, cases like these are taken on a contingency fee basis. There is no fee or costs if there is no recovery. The firm advances costs and investors are required to pay only if there’s a recovery.
Robert J. Halldin customers who are concerned about their investment may contact attorney Alan Rosca for a free, no-obligation evaluation of their recovery options at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this page.