Robert Heath of Highlands Rach, Colorado
Have you lost money with financial advisor Robert Heath of Highlands Ranch and Colorado Springs, Colorado? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Robert E. Heath. FINRA was investigating Heath regarding allegations that he borrowed money from a customer, in violation of FINRA rules.
According to the FINRA’s complaint, Heath borrowed $7,500 from a customer in July 2012. FINRA rules generally do not allow financial advisors to borrow money, with exceptions in limited circumstances. It was also alleged that his brokerage firm at the time, AXA Advisors, prohibited its brokers from borrowing from customers. To settle these allegations, Heath agreed to accept a three-month suspension from the securities industry, a $5,000 fine, and agreed to pay back the $7,500, plus interest.
Robert Heath was a licensed investment advisor with AXA Advisors LLC from December 2008 to December 2012. He was later affiliated with Presidential Brokerage Inc. from December 2012 to September 2015. He worked at branch offices in Highlands Ranch and Colorado Springs, Colorado. He was eventually fired by Presidential Brokerage after these allegations surfaced.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado, and Bellevue, Washington. Attorney Aaron Israels is licensed to practice law in Colorado and regularly represents clients throughout the Denver area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including AXA Advisors LLC.
Our office handles all of our arbitration cases on a contingent fee basis, meaning you do not pay unless we recover money for you.
Click to view: Heath, Robert FINRA AWC
Click to view: Heath, Robert BrokerCheck 8.15.16
HAVE YOU LOST MONEY WITH ROBERT HEATH OR AXA ADVISORS?
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Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.