ROBERT STRANGE ENGEL is currently employed as a Broker and/or Investment Adviser at SUMMIT BROKERAGE SERVICES, INC. located at 1250 9th Street N, Suite #202, NAPLES, FL, 34102.
ROBERT STRANGE ENGEL has worked at SUMMIT BROKERAGE SERVICES, INC. since November 17, 2003
Disclosure History
ROBERT STRANGE ENGEL has 8 Disclosure Event(s).
Date: December 24, 2003 Category: Regulatory Initiated By: VIRGINIA - DIVISION OF SECURITIES Allegations: BASED ON MR. ENGEL'S DISCIPLINARY HISTORY, MR. ENGEL AND THE EMPLOYING BROKER-DEALER FIRM SUMMIT BROKERAGE SERVICES, INC., CRD# 36643, AGREED, AS A CONDITION OF MR. ENGEL'S REGISTRATION TO BE BOUND BY A SPECIAL SUPERVISION ORDER, WHICH REQUIRES ADDITIONAL MONITORING OF MR. ENGEL'S ACTIVITIES FOR A PERIOD OF 12 MONTHS. Resolution: Order Sanctions: SPECIAL SUPERVISION ORDER ENTERED ON DECEMBER 24, 2003 WAS DISMISSED BY FINAL ORDER ENTERED ON 05/05/2005. Sanction Details: SPECIAL SUPERVISION ORDER Broker Comment: CONTACT ALFRED L. HUGHES, JR. AT 804-371-9752 FOR FURTHER INFORMATION.
Date: March 30, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGES EXCESSIVE TRADING, UNAUTHORIZED TRADING, UNSUITABLE INVESTMENTS/RECOMMENDATIONS. Damage Amount Requested: $100,000.00 Settlement Amount: $42,000.00 Broker Comment: TOTAL PAYMENT OF $42000 PAID 4/9/2003 ENTIRELY BY ADVEST IN ORDER TO AVOID THE TIME AND EXPENSE AND UNCERTAINTY OF AN ARBITRATION. MR. ENGEL CONTINUES TO DENY ANT WRONGDOING WITH RESPECT TO MS. [CUSTOMER]ACCOUNT
Date: February 02, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGES EXCESSIVE TRADING, UNAUTHORIZED TRADING, UNSUITABLE INVESTMENTS/RECOMMENDATIONS Damage Amount Requested: $100,000.00 Broker Comment: MR. ENGEL DENIES ANY WRONGDOING WITH RESPECT TO CUSTOMER'S ACCOUNT. IN ADDITION, ADVEST'S REVIEW OF HER ACCOUNT INDICATES THAT 1.) IT IS CONSISTANT WITH HER INVESTMENT OBJECTIVES 2.) THERE WERE NO PRIOR COMPLAINTS OF RECOMMENDATIONS 3.) HER CORRESPONDENCE TO MR. ENGEL SUGGEST PLEASURE IN HIS SUCCESSFUL EFFORTS IN MAKING "LOTS OF $" 4.)THERE WAS NO INAPPROPRIATE TRADING ACTIVITY.
Date: December 11, 2000 Category: Customer Dispute Allegations: ALLEGED EXCESSIVE TRADING, UNAUTHORIZED TRADING, UNSUITABLE TRADING AND UNAUTHORIZED USE OF MARGIN IN LISTED STOCKS. Damage Amount Requested: $49,254.58 Settlement Amount: $9,900.00 Broker Comment: TOTAL PAYMENT OF $9900 PAID 8/22/2002 ENTIRELY BY ADVEST IN ORDER TO AVOID THE TIME AND EXPENSE AND UNCERTAINTY OF AN ARBITRATION. MR. ENGEL CONTINUES TO DENY ANY WRONGDOING WITH RESPECT TO THE CUSTOMER'S ACCOUNT.
Date: April 16, 1999 Category: Customer Dispute Allegations: ALLEGES IMPROPER HANDLING OF ACCOUNT ANDALLEGES LOSSES OF #35,000. COMPLAINT OCCURED WHILE EMPLOYED ATADVEST, INC. Damage Amount Requested: $35,000.00 Settlement Amount: $27,500.00 Broker Comment: SETTLED WITH CLIENT FOR $27,500.00MR. ENGEL CONTINUES TO DENY ANY WRONGDOING WITHRESPECT TO MS. [CUSTOMER]ACCOUNT. HE HAS CONTRIBUTED TO THESETTLEMENT TO AVOID THE TIME AND EXPENSE OF A PROTRACTEDCONTROVERSY.
Date: July 14, 1994 Category: Customer Dispute Allegations: ALLEGED UNAUTHORIZED TRANSACTIONS,UNSUITABLITY, BREACH OF FIDUCIARY DUTY AND CHURNING JOINTLY ANDSEVERALLY AGAINST M.L.P.F.S.,INC. AND R.S. ENGEL. SEEKINGCOMPENSATORY, PUNITIVE, ETC. DAMAGES JOINTLY AND SEVERALLYAGAINST M.L.P.F.S. INC AND R.S. ENGEL OF $450,000. Damage Amount Requested: $286,175.22 Settlement Amount: $77,500.00 Broker Comment: WHILE DENYING LIABILITY AND ANY WRONGDOING, ASWELL AS THE ALLEGATIONS MADE AGAINST HIM, MLPFS AND MR. ENGELPAID TO THE CLAIMANT IN SETTLEMENT AT TOTAL OF $77,500 OF WHICHMR. ENGEL CONTRIBUTE $19,375.Not Provided
Date: November 01, 1993 Category: Employment Separation After Allegations Firm Name: MERRILL LYNCH Termination Type: Permitted to Resign Allegations: NONEALLEGED EXERCISE OF DIRECTION IN A CLIENTSACCOUNT Broker Comment: TERMINATIONNot Provided
Date: July 31, 1992 Category: Customer Dispute Allegations: CUSTOMERS ALLEGED UNAUTHORIZED & UNSUITABLETRADING IN STOCKS & WARRANTS & SOUGHT DAMAGES OF APPROXIMATELY$45,000 Damage Amount Requested: $45,000.00 Settlement Amount: $22,500.00 Broker Comment: TOTAL PAYMENT OF $22,500 PAID 12/18/92 ENTIRELYBY MERRILL LYNCHIN ORDER TO AVOID THE TIME & EXPENSE &UNCERTAINITY OF AN ARBITRATION. THIS CLAIM WAS SETTLED.
More Information
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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