Alexander Capital, L.P. Broker and Investment Advisor Robert Lloyd Omohundro Disclosed 9 FINRA Customer Dispute

• August 10, 2026
• Alexander Capital

Broker’s Background

 

Robert Lloyd Omohundro (CRD #: 2415942) is registered with Alexander Capital, L.P. and Alexander Capital Wealth Management LLC in Atlanta, GA. Omohundro’s past employers include Centaurus Financial, Inc., JP Turner & Company Capital Management, LLC, J.P. Turner & Company, L.L.C., MML Investors Services, Inc., Wachovia Securities Financial Network, LLC, Raymond James Financial Services, Inc., Robert Thomas Securities, Inc., J.C. Bradford & Co. and Burnett, Grey & Co., Inc.

 

Current and Past Allegations of Conduct Leading to Investment Loss

 

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in April 2026, Robert Lloyd Omohundro became the subject of a customer dispute alleging: “violation of FINRA Rule 2111 and Reg BI; failure to supervise; violation of commercial honor and just and equitable principals of trade; breach of fiduciary duty and negligence. 2015 to present”.

 

In addition, Robert Lloyd Omohundro has been the subject of eight past FINRA disclosures, including the following:

• July 2025 – Customer allegations of Breach of Fiduciary Duty; Aiding and Abetting; Negligence (Failure to Supervise). Violations of Georgia State Laws. Beginning 2020 through 2024.
• March 2025 – Customer alleged unsuitability. June 2021. Damage amount requested was $30,000.00
• March 2024 – The customer allege that the Registered Representative recommended unsuitable investments and investment strategies in various illiquid alternative investments. No specific dates for the alleged activity were identified in the statement of claim. Damage amount requested was $31,000.00. Settlement amount was $31,000.00
• May 2021 – In January and February of 2016 the customers allege that the Registered Representative recommended unsuitable investments and over concentrated their positions. Settlement amount was $5,000.00
• October 2015 – Allegations include violations of federal securities laws, violations of the George uniform securities act, breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence with respect to the investments purchased from 2012 to 2015. Damage amount requested was $15,000,000.00. Settlement amount was $6,516.00
• December 2011 – The complainant alleges that the producer misrepresented the retirement account that he sold to her in 2006.
• June 2004 – [customer] invested aggressively and did not like the results due to markey activity from 2000 & 2001, even though she was advised otherwise. See detailed rebuttal filing, and letter from Wachovia’s compliance department affirming lack of validity in her claims based on facts presented. Damage amount requested was $130,000.00. Settlement amount was $25,000.00.
• August 1998 – Customer claimed broker`s margin trade recommendations were for the purpose of generating commission and were losses claimed to be $45,000. Damage amount requested was $45,000.00.

For a copy of Robert Lloyd Omohundro’s FINRA Broker Check, click here

We Help Investors Recover Investment Losses

 

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Reasonable basis suitability requires that a recommended investment or investment strategy be suitable or appropriate for at least some investors. Reasonable basis suitability requires an advisor to conduct adequate due diligence so that he or she can determine the risks and rewards of the investment or investment strategy.

 

Quantitative suitability requires a brokerage firm or financial advisor with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions – even if suitable when viewed in isolation – is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile. No single test defines excessive activity, but factors such as the turnover rate, the cost-equity ratio, and the use of in-and-out trading in a customer’s account may provide a basis for a finding that a member or associated person has violated the quantitative suitability obligation. Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Excessive trading often occurs when a Financial Advisor puts his or her interests ahead of the clients and makes transactions solely for the purpose of generating commissions. Financial Advisors have a regulatory duty to recommend suitable investment strategies. One of the components of the suitability analysis is quantitative suitability.

 

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies, and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (855) 289-7868 or by email at mwolper@wolperlawfirm.com