Robert Frank Spiegel (Robert Spiegel) – Financial Advisor/Broker Robert Spiegel Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Robert Spiegel is a previously licensed financial advisor/broker with First Standard Financial Company LLC. According to FINRA, Robert Spiegel was fined $18,047 and $5,000 and was suspended from the securities industry for four months in January 2020.
According to FINRA Allegations:
Robert Spiegel consented to the sanctions and to the entry of findings that he excessively traded a customer’s account. The findings stated that Robert Spiegel recommended all of the trading in the customer’s account, including executing a significant number of trades using margin, and the customer followed Robert Spiegel’s recommendations. As a result, Robert Spiegel exercised de facto control over the customer’s account. Robert Spiegel’s trading of the customer’s account resulted in a high turnover rate and cost-to-equity ratio, as well as significant losses. The customer’s account incurred losses of $77,334 and paid $18,047 in commissions and fees. Robert Spiegel’s trading in the customer’s account was excessive and unsuitable given the customer’s investment profile.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Robert Spiegel and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Robert Spiegel’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Robert Spiegel and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 11/18/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.