Investors who invested with Robert A. Gist, ENCAP Technologies, and/or Gist, Kennedy & Associates may be able to recover their losses through securities litigation or arbitration.

According to a recent FINRA disciplinary report, Robert A. Gist was permanently barred by FINRA for allegedly misappropriating several million dollars from approximately 30 of his customers. According to FINRA records, from approximately 2003 until December 2011, Robert A. Gist misappropriated several million dollars from approximately 30 of his customers by misrepresented to these customers that he would invest their money in securities positions. Instead of investing the money, Robert Gist allegedly invested the customers' funds in ENCAP Technologies, LLC – which was a company co-founded by Robert A. Gist. In furtherance of the scheme, Robert A. Gist allegedly created and sent account statements with wholly fictitious securities positions to his customers every six months. Robert A. Gist also allegedly perpetuated the scheme by selling units of ENCAP Technologies owned by him, or used other investors funds, in order to make periodic payments to his customers.

Generally speaking, brokerage firms like the one Robert A. Gist was registered with – Resource Horizons Group, LLC - have a duty to properly supervise their employees and registered representatives, and can be held liable for their failure to do so.

If you have suffered losses investing with Robert A. Gist, Gist, Kennedy & Associates, and/or investing in ENCAP Technologies, LLC, you may be able to recover your losses through securities litigation or securities arbitration. Please contact the firm today for a FREE, NO OBLIGATION CONSULTATION to discuss your investment loss recovery options.