Hilliard Lyons Sued By Investors For Fraud

Edward Robert Taliaferro (also known as Robby Taliaferro and as Rob Taliaferro) of Chattanooga Tennessee a stockbroker formerly associated with JJB Hilliard WL Lyons has been referenced in a customer initiated investment related arbitration claim in which the customer requested $60,000.00 in damages supported by allegations that the customer had been defrauded on stock and real estate security transactions. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02151 (Aug. 12, 2019).

According to the claim, misrepresentations and omissions were made by the stockbroker concerning the risks of investing in real estate securities and stocks. The claim also alleges that the customer experienced catastrophic losses because of receiving bad advice and because of the customer’s account failing to be supervised by Hilliard Lyons.

Taliaferro has been identified in seven additional customer initiated investment related disputes containing allegations of his misconduct while employed by securities broker dealers including Raymond James Associates and Hilliard Lyons. FINRA Public Disclosure reveals that a customer filed an investment related complaint involving Taliaferro’s conduct in which the customer requested more than $5,000.00 in damages based upon allegations that the customer’s investment instructions were not followed by Taliaferro as it pertained to the death benefit of a variable annuity sold to the Raymond James customer.

Taliaferro has been identified in another customer initiated investment related written complaint where the customer sought $1,000,000.00 in damages founded on accusations of inappropriate over-the-counter equities transactions and margin use which caused the Hilliard Lyons customer to incur undue losses. An additional customer filed an investment related complaint concerning Taliaferro’s activities where the customer sought $80,000.00 in damages founded on accusations of unsuitable equity trades being executed by Taliaferro while he was employed by Hilliard Lyons.

Taliaferro has also been referenced in a customer initiated investment related written complaint in which the customer requested $261,000.00 in damages supported by allegations that transactions had been executed without the consent of the Hilliard Lyons customer. Mutual funds and stock transactions were allegedly unsuitable for the customer. On November 8, 2017, another customer filed an investment related complaint pertaining to Taliaferro’s conduct in which the customer requested $25,162.00 in damages supported by allegations that Taliaferro placed the customer in inappropriate investments which poorly performed.

Taliaferro’s employment with Hilliard Lyons was terminated on October 18, 2019. Since then, he has been registered with Robert W. Baird Co. Incorporated.