Stockbroker Robert Yahney, CRD# 4038119, is currently registered with Merrill
Lynch in Tampa, Florida and has been with the firm since 1999. He has
not had any previous registrations with other firms besides Merrill Lynch.
According to his public BrokerCheck report supplied by FINRA (Financial
Industry Regulatory Authority), there have been four complaints against
Yahney—three of which are pending and one that has been closed.
Two complaints were filed within a day of each other in March 2017. The
most recent complaint alleges that Robert Yahney provided unsuitable investment
recommendations and engaged in misrepresentation from March 2011 to July
2014. The client alleges damages totaling $1 million.
The second complaint filed in March similarly alleges that Yahney gave
unsuitable investment recommendations and participated in misrepresentation
from a period spanning August 2012 to July 2014. The damages related to
this allegation are for the amount of $300,000.
The earliest dispute filed against Robert Yahney was filed in June 2016.
The damages alleged totaled $500,000 for unsuitable investment recommendations,
misrepresentation, and omission of facts during the time period of February
2011 to November 2014.
Stockbrokers are required to accurately provide factual information to
investors. If stockbrokers present information that is misleading, they
can be accused of engaging in misrepresentation. If they outright present
untrue information, that is a blatant form of misrepresentation.
What is Omission of Facts?
Omission of facts occurs when a stockbroker withholds important, pertinent
information from an investor. The stockbroker must fully disclose all
relevant information to investors so they can make a fully informed decision
as they consider their investments.
There are a number of ways a stockbroker can misrepresent or omit relevant
information when working with an investor. Some of the most common include:
●Risk Omissions: Oftentimes, the risk associated with a particular investment can be omitted.
●Financial Omissions: Financial costs associated with a purchase, such as fees or commissions,
or other costs may not be fully disclosed by a stockbroker.
●Misrepresentation/Omission Regarding Target Company’s Standing: The financial health of the target company should be fully disclosed in
an accurate way to an investor so he or she can make an informed decision.
If you have lost money as a result of your investments with Robert Yahney
due to omission of facts, misrepresentation, or other investment fraud,
you may be eligible to seek recovery of your damages from alleged stockbroker
The investment loss attorneys with Meyer Wilson are committed to combatting
stockbroker fraud by teaming with investors seeking to hold stockbrokers
accountable for the losses their misconduct caused. Our firm specializes
in investor fraud as its sole area of practice, giving plaintiffs who
work with us committed attorneys with a wealth of expertise surrounding
Contact us today to schedule a free case review so you can learn more about your legal options as you consider taking
legal action against Robert Yahney or another stockbroker following significant