ROBERT WILLIAM URBAN is currently employed as a Broker and/or Investment Adviser at EK RILEY INVESTMENTS, LLC located at 12 Mitchell Road, Westhampton Beach, NY, 11978.
ROBERT WILLIAM URBAN has worked at EK RILEY INVESTMENTS, LLC since March 19, 2018
Disclosure History
ROBERT WILLIAM URBAN has 3 Disclosure Event(s).
Date: February 28, 2018 Category: Employment Separation After Allegations Firm Name: Morgan Stanley Wealth Management Termination Type: Voluntary Resignation Allegations: Allegations regarding timeliness and accuracy of registered representative's disclosures of his involvement in a real estate transaction with a client.
Date: May 03, 2004 Category: Customer Dispute Allegations: CLIENT INVESTED $500,000 INTO FOUR CLOSED-END MUTUAL FUNDS AND VERBALLY ALLEGED THAT HE WAS NOT MADE AWARE OF THE RISK OF MARKET FLUCTUATION. NO SPECIFIC DAMAGES WERE ALLEGED. Settlement Amount: $24,000.00 Broker Comment: TO AVOID THE COST AND UNCERTAINTIES OF LITIGATION MERRILL LYNCH MADE A BUSINESS DECISION TO SETTLE THIS MATTER.
Date: June 13, 2002 Category: Customer Dispute Allegations: CUSTOMER ALLEGES HER FINANCIAL ADVISOR RECOMMENDED AN UNSUITABLE MUTUAL FUND. NO SPECIFIC DAMAGES ALLEGED. Broker Comment: MERRILL LYNCH AND ROBERT URBAN DENY THE CUSTOMER'S ALLEGATIONS IN THEIR ENTIRETY. THE INVESTMENT AT ISSUE WAS RECOMMENDED AS A LONG TERM GROWTH INVESTMENT. ORIGINALLY THE CUSTOMER'S INVESTMENT WAS PROFITABLE. UNFORTUNATELY, DUE TO MARKET FLUCTUATION OVER WHICH NEITHER MERRILL LYNCH OR MR. URBAN HAS, AND HAD, NO CONTROL, THE VALUE OF THE FUND DECREASED AND THE CUSTOMER SOLD HER SHARES ON JULY 6, 2001 FOR A LOSS.
More Information
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