Robert Escobio, previously with Southern Trust Securities, Subject of FINRA Complaint

Have you lost money with financial advisor Robert Escobio?  The law firm of Israels & Neuman is investigating allegations made about Robert Juan Escobio from Miami, Florida.  FINRA (the Financial Industry Regulatory Authority) seeks to bar Escobio from the securities industry.  FINRA alleges that Escobio failed to respond to its investigation.   FINRA was investigating Escobio after he was barred by the CFTC for engaging in a fraudulent commodities scheme.

Robert Escobio was a financial advisor and registered representative of Southern Trust Securities from 2000 to July 2017.  He worked in branch offices in Miami, Florida.  Escobio has been the subject of five customer complaints.

Brokerage firms like Southern Trust Securities have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including Florida. Attorney David Neuman is licensed to practice law in Florida.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view:  Escobio, Robert FINRA Complaint

Click to view:  Escobio, Robert BrokerCheck 7.18.19

If you lost money with Robert Escobio or Southern Trust Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.