ROBERT SMITH GESDORF is currently employed as a Broker and/or Investment Adviser at MOORS & CABOT, INC. located at 999 VANDERBILT BEACH ROAD, SUITE 102, NAPLES, FL, 34108.
ROBERT SMITH GESDORF has worked at MOORS & CABOT, INC. since June 08, 2010
Disclosure History
ROBERT SMITH GESDORF has 7 Disclosure Event(s).
Date: March 20, 2014 Category: Customer Dispute Allegations: CUSTOMER CLAIMS THAT BASED ON HER ADVANCED AGE AND THE FACT THAT SHE HAD RECENTLY SUFFERED A CONCUSSION, SHE DID NOT FULLY COMPREHEND THE INVESTMENT ADVISORY AGREEMENT SHE HAD ENTERED INTO WITH HER REPRESENTATIVE, PARTICULARLY THE NATURE OF THE FEES INVOLVED. CUSTOMER REQUESTS THAT ANY ADVISORY FEES CHARGED TO HER ACCOUNTS BE RETURNED.(1/7/2014 - 3/20/2014) Damage Amount Requested: $20,932.06 Settlement Amount: $20,932.06 Broker Comment: THE SETTLEMENT FIGURE REPRESENTS THE TOTAL AMOUNT OF ADVISORY FEES RETURNED TO CUSTOMER.
Date: March 19, 2014 Category: Regulatory
Date: November 19, 2013 Category: Regulatory Initiated By: STATE OF ILLINOIS, ILLINOIS SECURITIES DEPARTMENT Allegations: GESDORF WAS SUSPENDED BY FINRA FOR FAILING TO DISCLOSE TO HIS EMPLOYER FINRA-REGISTERED FIRMS THAT (I) HE HAD ACTED IN A FIDUCIARY CAPACITY FOR FIRM CUSTOMERS AND/OR HAD A FINANCIAL INTEREST IN AMY FIRM CUSTOMER ACCOUNTS AND (II) HE RECEIVED GIFTS TOTALING APPROXIMATELY $30,300 FROM CLIENTS.IN ILLINOIS, REGISTRATION OF A SALESPERSON MAY BE SUSPENDED OR REVOKED IF THE SECRETARY OF STATE FINDS THAT SUCH SALESPERSON HAS HAD MEMBERSHIP IN OR ASSOCIATION WITH A SELF-REGULATORY ORGANIZATION LIKE FINRA SUSPENDED, REVOKED, REFUSED, EXPELLED, CANCELLED, BARRED, LIMITED IN ANY CAPACITY, OR OTHERWISE ADVERSELY AFFECTED. Resolution: Stipulation and Consent SanctionDetails: Sanctions: Prohibition Broker Comment: NOTICE OF HEARING WAS ISSUED NOVEMBER 19, 2013. CONSENT ORDER WAS ISSUED FEBRUARY 6, 2014. CONTACT (217)524-0648
Date: December 18, 2012 Category: Regulatory
Date: June 02, 2010 Category: Employment Separation After Allegations Firm Name: STIFEL NICOLAUS & COMPANY, INC. Termination Type: Discharged Allegations: VIOLATION OF FIRM POLICY - FAILURE TO ADEQUATELY DISCLOSE FIDUCIARY AND BENEFICIARY RELATIONSHIPS WITH CLIENTS. TERMINATION WAS NOT THE RESULT OF ANY CLIENT COMPLAINT.
Date: May 19, 1994 Category: Customer Dispute Allegations: SUITABILITY;MISREPRESENTATION REGARDINGPURCHASE OF LIMITED PARTNERSHIP. Damage Amount Requested: $20,000.00 Broker Comment: ACTUAL/COMPENSATORY DAMAGES, RELIEF REQUEST ISWITHDRAWN/SETTLED/ETC. AWARD AMOUNT JOINTLY AND SEVERALLY;INTEREST, RELIEF REQUEST IS WITHDRAWN/ SETTLED/ETC. AWARDAMOUNT JOINTLY AND SEVERALLY;OTHER COSTS, RELIEF REQUEST ISWITHDRAWN/SETTLED/ETC. AWARD AMOUNT JOINTLY AND SEVERALLY.THIS IS A $200,00.00 LADDERED FIXED INCOMEACCOUNT WITH ONE LIMITED PARTNERSHIP. THE RISKS INVOLVED ANDTHE LACK OF LIQUIDITY WERE EXPLAINED TO HER BEFORE SHEPURCHASED THE PARTNERSHIP. THE PAINEWEBBER (L.P.) WASPURCHASED BY HER BASED ON MARKETING MATERIALS FROM PAINEWEBBER,WHICH AT THE TIME I ASSUMED WERE ACCURATE AND SUITABLE.""
Date: June 22, 1989 Category: Customer Dispute Allegations: CLAIMANT ALLEGED MISMANAGEMENT OF ACCOUNT;UNSUITABLE INVESTMENTS, FAILURE TO FOLLOW STATED INVESTMENTOBJECTIVES, OBJECTIVES, FAILURE TO FOLLOW INSTRUCTIONS DURINGTHE PERIOD OF 10/86 THROUGH 8/88. CLAIMANT ALLEGES DAMAGES OF$47,000.00 Damage Amount Requested: $47,000.00 Settlement Amount: $25,000.00 Broker Comment: THE MATTER WAS CONCLUDED, WHEREBY, IN EXCHANGEFOR A MUTUAL RELEASE AND SETTLEMENT AGREEMENT PAINEWEBBERSETTLED THE MATTER FOR $25,000. PAINEWEBBER SETTLED THIS MATTER TO AVOID CONTINUED COSTLY AND TIME CONSUMING ARBITRATION. MR GESDORF WAS NOT ASKED TO CONTRIBUTE TO THE SETTLEMENT. FURTHER IT IS PAINEWEBBER'S POSITION THAT THIS MATTER WAS CRASH RELATED. THE INVESTMENTS IN QUESTION WERE SUITABLE AND THERE WAS NO WRONGDOING ON THE PART OF MR. GESDORF. [CUSTOMER] OPENED A TRADING ACCOUNT WITHPAINEWEBBER ON 10-31-86. [CUSTOMER] EXPRESSED TO ME HER DESIRE TO TRADE STOCKS AND INFORMED ME THAT HER FATHER HAD BEEN A BROKER AND SHE WAS FULLY AWARE OF INVESTING IN GENERAL. THE OCTOBER 1987 CRASH REFLECTED A LOSS IN HER ACCOUNT. [CUSTOMER] WAS UPSET WITH PAINEWEBBER EVEN THOUGH MANY OF THE INVESTMENTS WERE OF HER CHOSING. I MAINTAIN NO MISMANAGEMENT BY MYSELF. PAINEWEBBER SETTLED TO AVOID COSTLY AND TIME CONSUMING ARBITRATION.
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