ROBERT EARLE LAUBACH is currently employed as a Broker and/or Investment Adviser at HARBOR INVESTMENT ADVISORY, LLC located at 2330 W. Joppa Road, Suite 160, Lutherville, MD, 21093.
ROBERT EARLE LAUBACH has worked at HARBOR INVESTMENT ADVISORY, LLC since August 31, 2016
ROBERT EARLE LAUBACH has 3 Disclosure Event(s).
Date: July 28, 2016 Category: Employment Separation After Allegations Firm Name: Wells Fargo Advisors, LLC. Termination Type: Discharged Allegations: Discharged for use of discretion in certain family members' accounts. The Firm has not received a client complaint regarding the conduct which led to Mr. Laubach's discharge Broker Comment: I have traditionally had verbal authorization from my son for trading but the account size fell below the Wells Fargo minimum size required for discretion. This occurrence was in my son's account only. To my knowledge there were no other "family members' accounts", though Wells Fargo is claiming that there was more than one family member involved. On 2 occasions, I was informed by Wells Fargo that I had forgotten to enter notes to reflect communication before trading activity. On July 28th, I was informed by Wells Fargo that I forgotten to enter a note and I was dismissed without being permitted to resign.
Date: July 05, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES UNAUTHORIZED TRADING, SUITABILITY AND POOR PERFORMANCE. Settlement Amount: $60,000.00
Date: January 07, 2002 Category: Customer Dispute Allegations: [CUSTOMERS] ALLEGE THAT ROBERT LAUBACH MADE UNSUITABLE INVESTMENT RECOMMENDATIONS IN 1999 WHICH LED TO LOSSES IN THEIR ACCOUNTS. Damage Amount Requested: $35,688.00 Settlement Amount: $12,000.00
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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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