Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Broker Robert Yahney Has Been Accused of Omission of Facts and Misrepresentation

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 misconduct.

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 investor fraud.

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 investment losses.

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