ROBERT BRUCE JORGENSEN is currently employed as a Broker and/or Investment Adviser at SPIRE SECURITIES, LLC located at 3500 Lakeside Court, Suite #201, Reno, NV, 89511.
ROBERT BRUCE JORGENSEN has worked at SPIRE SECURITIES, LLC since March 01, 2016
Disclosure History
ROBERT BRUCE JORGENSEN has 2 Disclosure Event(s).
Date: May 05, 2013 Category: Financial Type: Bankruptcy Disposition: Discharged
Date: April 14, 1998 Category: Customer Dispute Allegations: NEGLIGENT ADVICE RELATING TO AN IRADISTRIBUTION WHICH RESULTED IN A TAX LIABILITY. PRODUCTEQUITIES. ALLEGED DAMAGES IN EXCESS OF $71,334. EMPLOYINGFIRM: SMITH BARNEY Broker Comment: CLAIM DENIED BY NY EXCHANGE: DISMISSEDCLAIM DENIED BY FINRA: DISMISSEDCLAIM DENIED BY SMITH BARNEY: DISMISSEDALL AGENCIES & SMITH BARNEY FOUND CLAIM TO BE WITHOUT MERITAND DENIED IT. CLIENT FOUND AT FAULT NOT REGISTERED REP. [CUSTOMER], CPA WROTE HIS OWN PERSONAL CHECK FROM HIS SMITH BARNEY IRA ACCOUNT TO MAKE A REAL ESTATE INVESTMENT. [CUSTOMER], CPA WAS OVER 60 AND WAS CERTAINLY AWARE AS A CPA THAT SUCH A WITHDRAWAL WOULD NOT INCUR ANY PENALITIES AS HE WAS OVER 59 1/2 YEARS OF AGE. [CUSTOMER], CPA WOULD BE AWARE THAT ANY WITHDRAWALS FROM A RETIREMENT PLAN IRA WOULD BE SUBJECT TO ORDINARY INCOME TAX. [CUSTOMER], CPA MADE HIS DISTRIBUTION TO HIMSELF IN SEPTEMBER OF 1997, AND AS POLICY SMITH BARNEY STATEMENTS SENT TO [CUSTOMER], CPA IN OCT,NOV,& DEC 1997 HAD THE FOLLOWING DISCLOSURE: [CUSTOMER] YOU PAY TAXES ON YOUR $61,000 IRA DISTRIBUTION IN 1998.MR. JORGENSEN ALSO INFORMED [CUSTOMER], CPA THAT HE WOULD PAY ORDINARY INCOME TAXES ON THE DISTRIBUTION.IN 1998 THE CUSTOMER, CPA, FILED CLAIMS AGIANST SMITH BARNEYAND MR. JORGENSEN FOR HIS VOLUNTARY WITHDRAWAL. MEMBER FIRMREVIEWED CLAIMS AND FOUND THAT THE CUSTOMER BEING A CPA, WOULD NOT ONLY KNOW THAT IRA WITHDRAWALS ARE SUBJECT TO TAX, BUT THAT THE NOTIFICATIONS GIVEN BY SMITH BARNEY AND MR. JORGENSEN ON THE WITHDRAWAL WERE SUFFICIENT. THE NY STOCK EXCHANGE, FINRA, AND THE MEMBER FIRM DENIED ALL CLAIMSAND HELD MR. JORGENSEN HARMLESS. CASE WAS DISMISSED.
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