Robert D’Agosta (CRD #: 1903105), a broker and an investment adviser registered with IBN Financial Services, is involved in a client dispute regarding unsuitable investment recommendations and an over-concentration of securities, according to his BrokerCheck record accessed on August 21, 2020. If you want to learn more about Robert D’Agosta, keep reading.
On June 8, 2020, a client alleged Robert D’Agosta made a series of high-commission investments which were unsuitable and resulted in an over-concentration of certain securities in their portfolio. The client also alleges that the firm failed to conduct adequate due diligence.
This is not the only allegation of an unsuitable recommendation in Robert D’Agosta’s Broker Check record.
On May 16, 2017, a client alleged that Robert D’Agosta made unsuitable recommendations and that the firm failed to perform adequate due diligence. The client sought damages of $2,000,000; the dispute settled for $500,000.
On June 17, 2015, a client alleged that Robert D’Agosta made unsuitable recommendations and misrepresented certain securities. The client also alleged that the firm failed to supervise and failed to conduct due diligence. Robert D’Agosta was named in a FINRA dispute in which the client sought $566,262.25; the client was awarded $200,000. You can read the details of the arbitration here.
On August 21, 2003, Robert D’Agosta entered into an Acceptance, Waiver & Consent agreement with the National Association of Securities Dealers (NASD), in which he consented to the findings that he failed to provide his member firm with prior written notification stating whether he would receive compensation from a transaction. Robert D’Agosta also consented to a 30-day suspension and a $5,000 fine.
Robert D’Agosta has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 6 Investment Company Products / Variable Contracts Representative Examination, and the Series 22 Direct Participation Programs Representative Examination. He is registered as a broker in California, Delaware, Florida, Georgia, Minnesota, New Jersey, New York, Pennsylvania, and Texas. He is also registered as an investment adviser in New Jersey.
Robert D’Agosta has worked in the securities industry for 30 years. During his career, he has worked for the following firms:
- Berthel Fisher & Company Financial Services, Incorporated (CRD #: 13609)
- Mony Securities Corporation (CRD #: 4386)
- The Mutual Life Insurance Company of New York (CRD #: 2873)
- Martin Financial Planning (CRD #: 13254)
If Robert D’Agosta was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for your free case consultation with a securities attorney.