Investment Professionals Customer Complaint Alleges Unsuitability
Robert Charles Moriarty, of Harvard, Illinois, a stockbroker formerly registered with Investment Professionals, Inc., has been named in a customer initiated investment related written complaint on April 30, 2017, in which the customer requested $100,000.00 in damages based upon allegations that Moriarty failed to apprise the customer about tax obligations resulting from effecting variable annuity transactions. The customer further alleged that Moriarty neglected to diversify investments in the customer’s portfolio, and effected transactions that were not suitable.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on August 11, 2011, Moriarty was terminated from previous employer, Chase Investment Services Corp, based upon allegations that he mismarked customers’ trade orders as unsolicited. Moriarty’s registration with Investment Professionals, Inc. was terminated on March 9 ,2017. Since April 5, 2017, he has been associated with Allstate Financial Services.
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