According to a FINRA Disciplinary Announcement, Robert John Head (CRD #240935, Omaha, Nebraska) submitted an AWC in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Head consented to the sanction and to the entry of findings that he exercised discretion in the account of an elderly customer diagnosed with dementia without obtaining the customer’s prior written consent to do so. The findings stated that Head recommended transactions that were qualitatively and quantitatively unsuitable for the customer given her financial needs and medical condition.
For the full FINRA case, se FINRA Case #2013038957401.
According to this FINRA Broker Report, Head was employed by Wells Fargo Investments from May 2004 through August 2008 and Stifel Nicolaus from August 2008 through January 2014.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
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