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Roberto Montano Formerly With Waddell & Reed And U.S. Bancorp Investments Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Roberto Montano formerly with Waddell & Reed?

Roberto Montano (CRD #3003372) who was formerly registered with Waddell & Reed and located in Chicago, Illinois is a subject of one of our many securities industry sales practice abuse investigations. Prior to Waddell & Reed, Roberto Montano was associated with U.S. Bancorp Investments and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Roberto Montano has had his own share regulatory problems.  He has been the subject of 4 reported FINRA regulatory events, 2 of which appear to be related.  He has failed to pay to arbitration awards and failed to pay a fine in connection with a prior disciplinary action.  Initially, he was suspended and later his license was revoked.

Roberto Montano Customer Complaints

Roberto Montano has been the subject of 2 customer complaints that we know about. One of Roberto Montano’s 2 customer complaints was settled in favor of investors. One of Roberto Montano’s customers’ complaints was denied and, to date, the customer has not taken any further action.

Allegations Against Roberto Montano

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 that Roberto Montano misrepresented the features of his variable annuity and it was not suitable.
  • Customer alleged unsuitability and misrepresentation against Roberto Montano in connection with equity transactions.

Roberto Montano Red Flags & Your Rights As An Investor

Of course, Roberto Montano 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 Roberto Montano at Waddell & Reed and U.S. Bancorp Investments on alert to review carefully the activity and performance of their accounts and question whether Roberto Montano has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Waddell & Reed and U.S. Bancorp Investments 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 Waddell & Reed Due To Roberto Montano

If you have questions about Waddell & Reed, U.S. Bancorp Investments, and/or Roberto Montano 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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