Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Robert Clayton, Jr. (CRD # 2598586) was recently suspended from the securities industry by FINRA’s Department of Enforcement for mismarking order tickets as “unsolicited” when the orders had in-fact been solicited.
The Law Office of Kevin J. Deloatch, Esq. is interested in speaking to investors who have complaints regarding Mr. Clayton, Jr.
Registration Background for Robert Clayton, Jr.
Mr. Clayton, Jr. first became registered in the securities industry in 1995. He is currently registered with Wall Township, NJ based MML Investor Services, LLC (CRD # 10409). His prior registrations include investment advisory firm IC Advisory Services, Inc. (CRD # 140190) from May 2018 to June 2023, The Investment Center, Inc. (CRD # 17839) from May 2018 to June 2023, and TFS Advisory Services (CRD # 20626) from March 1010 to May 2018.
FINRA’s Allegations Against Robert Clayton, Jr.
According to the FINRA Letter of Acceptance, Waiver and Consent (AWC) dated November 13, 2023 (No. 2023079976201), Mr. Clayton, Jr. consented to, without either admitting to or denying, the following findings by FINRA’s Department of Enforcement:
- “Between September 2020 and August 2021, [Mr.] Clayton mismarked 625 order tickets as unsolicited when the securities transactions were actually solicited by [Mr.] Clayton”;
- “[Mr.] Clayton’s mismarking of these order tickets caused The Investment Center to make and preserve inaccurate books and records with respect to these trades in violation of Section 17(a) of the Exchange Act and Rule 17a-3 thereunder”; and
- By virtue of his actions, Mr. Clayton, Jr. violated FINRA Rule 4511 regarding general requirements of maintaining books and records, and FINRA Rule 2010 regarding standards of commercial honor and principles of trade.
FINRA Suspends Robert Clayton, Jr. from Securities Industry
As a result of such violations and in addition to the above-described findings and conclusions, FINRA’s November 13, 2023 AWC also indicates that Mr. Clayton, Jr. consented to the following sanction(s):
- a three-month suspension from association with any FINRA member in all capacities; and
- a fine in the amount of $5,000.00.
Robert Clayton, Jr. Has No History of Securities Industry Customer Complaints
In addition to Mr. Clayton, Jr. being suspended by FINRA from the securities industry regarding mismarking order tickets as “unsolicited”, FINRA BrokerCheck for Mr. Clayton, Jr. reveals that he has no prior history of customer complaints and/or customer-initiated arbitrations.
Have You Lost Money with Robert Clayton, Jr.?
If you or someone you know has or had a brokerage account with Robert Clayton, Jr. and have concerns regarding losses in your investments or possible sales practice violations including fraud, you may be entitled to recover lost funds. The Law Office of Kevin J. Deloatch, Esq. has an extensive securities law practice and over 30 years of experience on Wall Street. Call today at (646) 792-2156 for a free consultation. The time to file your claim may be limited so you should call today to avoid delay.
