Robert Rich Investigation
June 2023– Farmington, UT
According to publicly available records, Robert Grant Rich, a broker previously with Wells Fargo Advisors Financial Network, discloses a final regulatory matter resulting him being permanently barred from FINRA in all capacities.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 12/2022, in accordance with FINRA rule 9552(h) and in accordance with FINRA’s Notice of Suspension and Suspension from Association letters , Rich is barred from Association with any FINRA members in all capacities. Rich failed to respond to FINRA requests for information in connection with a regulatory investigation related to an outside business activities.
In 4/2022, Rich was discharged from employment with Wells Fargo Financial Network after findings on allegations that he engaged in outside business activities without discloser to or prior approval from the Firm. Rich had been with the firm since 3/2007.
Earlier in his career, while employed by Salomon Smith Barney, a customer was paid $53,500 to resolve allegations that Rich failed to follow his instructions regarding the handling of the account.
Rich discloses business affiliations with Rich Wealth Management, Wasatch Wealth Advisors and Ensign Wealth Partners.
If you have suffered losses in an account handled by Robert Rich, contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Nationwide Representation
TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870
