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DID ROBERT WILLIS LESTER CAUSE YOU INVESTMENT LOSSES?

Robert Lester Of H. Beck And Formerly With Waddell & Reed Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Robert Lester of H. Beck?

Robert Lester (CRD #1831092) who is currently registered with H. Beck and located in Wellington, Florida is a subject of one of our many securities industry sales practice abuse investigations. Prior to H. Beck, Robert Lester was associated with Waddell & Reed and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Robert Lester Customer Complaints

Robert Lester has been the subject of 4 customer complaints that we know about. All of Robert Lester’s customers’ complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Robert Lester

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

  • Client alleged the facts regarding the investment were misrepresented by Robert Lester.
  • Client alleged that Robert Lester misrepresented the risks and fees associated with an investment in a variable annuity.
  • Client claimed losses resulting from unsuitable annuity riders sold by by Robert Lester.
  • Customer alleged in writing that brokers James Vanputtenvink and Robert Lester purchased a fixed annuity for $195,000 without his authorization. Customer also alleged the brokers sold his preferred stocks without his authorization to fund the purchase of the annuity.

Robert Lester Red Flags & Your Rights As An Investor

Of course, Robert Lester did not admit to any of the allegations. 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 Lester at H. Beck and Waddell & Reed on alert to review carefully the activity and performance of their accounts and question whether Robert Lester has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at H. Beck and Waddell & Reed also raises questions about the brokerage firms’ 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 H. Beck Due To Robert Lester

If you have questions about H. Beck, Waddell & Reed, and/or Robert Lester 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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