Investors who have suffered losses with Oxford, Connecticut based stockbroker Robert E. Lee, Jr. may be able to recover their investment losses through FINRA arbitration or securities litigation.
Based on recent news reports, Robert E. Lee, Jr. – an Oxford, Connecticut based financial advisor – was arrested by the FBI on charges that he was running a Ponzi scheme that bilked numerous investors out of millions of dollars. In August 2013, FINRA imposed a lifetime ban on Robert E. Lee, Jr. that prohibits him from working for any other securities firm.
Robert E. Lee, Jr. had previously resided in Bridgeport, Easton, and Shelton, Connecticut before relocating to Oxford, Connecticut. Robert E. Lee, Jr. (CRD No. 1824202) previously worked for several brokerage firms including Rockwell Global Capital, Gunn Allen Financial, Investech and the Maxim Group.
The FBI arrested Robert Lee, Jr. based on the allegations that he was accepting money from his customers, and representing to them that it was invested in various securities when in fact most of the monies went into his personal bank account and were used for personal expenses and to pay other investors in a classic Ponzi scheme manner. Investors are believed to have lost millions of dollars in this Ponzi scheme.
Robert E. Lee, Jr. is accused of operating the Ponzi scheme from approximately January 2011 to March 2014 – during which time he was a registered representative of Rockwell Global Capital.
If you are an investor that lost money with Robert E. Lee, Jr., you may be able to recover your losses through FINRA arbitration. Brokerage firms, like those that Robert E. Lee, Jr. was registered with, have a duty to supervise their registered representatives. Failure to properly supervise those representatives can make the brokerage firms liability for losses that an investor suffers.
If you are an investor that lost money with Robert E. Lee, Jr., you may be able to recover your losses through FINRA arbitration or securities litigation. Please contact Kons Law Firm at (860) 920-5181 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
With offices in Connecticut, Kons Law Firm represents investors both in Connecticut and nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentfraudattorneys.com.
