Did you incur investment losses with Andres Rubert? The Securities Law Firm of Menzer & Hill, P.A. is investigating claims involving Andres Rubert formerly of Citigroup Global Markets, Inc. and Newport Coast Securities, Inc. FINRA found that Rubert falsified the signatures of seven customers on dozens of his member firm’s documents.
Rubert has been fined $5,000 and suspended for three months.
Fortunately, for those investors that incurred losses investing with Rubert, may be able to recover those losses through the FINRA arbitration process.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).