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Robert William Kasten with Securities America, Inc., Formerly First Allied Securities, Inc. Has 3 Customer Complaints for Alleged Broker Misconduct In the Past Year

Who is Robert W. Kasten with Securities America, Inc.?

Robert Kasten (CRD #1009160) who is currently registered with Securities America, Inc. and located in League City, Texas is a subject of one of our many securities industry sales practice abuse investigations. Prior to Securities America, Inc., Robert Kasten was associated with First Allied Securities, Inc. and 12 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

First Allied Securities, Inc. Broker Misconduct

In his career, Robert Kasten has been the subject of 3 customer complaints that we know about, all of those complaints were filed in the last year to recover investment losses. All of the complaints filed against Robert Kasten’s former employer First Allied Securities, Inc. for investment losses caused by his alleged misconduct are currently pending.

Allegations Against Robert Kasten

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Claimants allege the financial advisor improperly solicited an investment in an unapproved outside securities transaction.  The product type is identified as a direct investment DPP & LP interests.
  • The claimant alleges her financial advisors improperly solicited an investment in an unapproved outside securities transaction that was unsuitable, fraudulent, and in breach of the financial advisor’s fiduciary duty.

Robert Kasten Red Flags & Your Rights as An Investor

Of course, Robert Kasten did not admit to any of the allegations.  In fact, he claims were not even an advisor with respect to one of the complaints.  Notwithstanding, his former employer reported the complaint as against him. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Robert Kasten at Securities America, Inc. and First Allied Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Robert Kasten has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at First Allied Securities, Inc. also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses At Securities America, Inc. And First Allied Securities, Inc.

If you have questions about Securities America, Inc., First Allied Securities, Inc., and/or Robert Kasten and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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