Were you the victim of Emerson Equity LLC broker Robert Melberth (CRD# 4775230) who is alleged to make unsuitable investment recommendations? He has been registered with Emerson Equity LLC in Sarasota, Florida since 2020 and with Melberth Capital in Sarasota, Florida since 2020. Previously, he was registered with Aegis Capital Corp. in Sarasota, Florida from 2015 to 2020.
Robert Melberth Customer Complaints
He has been the subject of six customer complaints in 2022, according to his CRD report:
October 2022. “Inadequate due diligence, Unsuitable recommendation, Breach of contract, Breach of fiduciary duty.” The customer is seeking $2,482,000 in damages and the case is currently pending. The complaint was regarding alternative investment and took place while he was registered with Aegis Capital Corp.
October 2022. “Inadequate due diligence, Unsuitable recommendation, Fraud, Breach of contract, Breach of fiduciary duty.” The customer is seeking $555,000 in damages and the case is currently pending. The complaint was regarding alternative investment and took place while he was registered with Aegis Capital Corp.
October 2022. “Breach of fiduciary, duty, breach of contract.” The customer is seeking $3 million in damages and the case is currently pending. The complaint was regarding alternative investment and took place while he was registered with Aegis Capital Corp.
October 2022. “Breach of fiduciary duty, Violation of FINRA/NYSE rules, Reg best interest, Breach of contract and negligence, Violation of the securities acts and regulations, Fraudulent inducement to hold investment.” The customer is seeking $3,276,000 in damages and the case is currently pending. The complaint was regarding corporate debt and took place while he was registered with Emerson Equity LLC.
September 2022. “Breach of fiduciary duty, Negligence, Fraud, Breach of contract, Third party breach of contract, Violation of Reg Bi’s general obligation, Violation of sections 10(b) and 2-(a) of the securities exchange act, and rule 10b-5 of the Securities and Exchange Commission, aiding and abetting breach of fiduciary duty.” The customer is seeking $728,000 in damages and the case is currently pending. The complaint was regarding corporate debt and took place while he was registered with Emerson Equity LLC.
July 2022. “Breach of fiduciary duty; violation of NASD & NYSE rules; breach of contract and negligence.” The customer is seeking $2.1 million in damages and the case is currently pending. The complaint was regarding corporate debt and took place while he was registered with Emerson Equity LLC and Melberth Capital.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Emerson Equity LLC may be liable for investment or other losses suffered by Robert Melberth’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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