Financial Advisor Robert Marquez Barred by FINRA in Connection with Investigation Involving Pre-IPO’s

Robert Emett Marquez (CRD#: 22662269) is a previously registered broker.


Broker’s Background

He entered the securities industry in 1992. He previously worked for Investment Network; Edi Financial, Inc (FINRA expelled the firm in 2017); Colorado Financial Service Corporation; Brookstone Securities (FINRA expelled the firm in 2012); Empire Financial Group (FINRA expelled the firm in 2009); Ryan Beck & Co.; International Capital Growth LLC (FINRA expelled the firm in 2008); Dalton Kent Securities Group, Inc.; Trade.com Online Securities, Inc.; and Commonwealth Associates.


Allegations of Misconduct

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on September 14, 2023, in connection with an investigation into sales of “pre-IPO” private placement offerings, FINRA sent a request to Marquez pursuant to FINRA Rule 8210 for on-the-record testimony. As stated by Marquez in an email to FINRA on October 13, 2023, and by this agreement, Marquez acknowledges that he received FINRA’s request and will not appear for on-the-record testimony at any time. By refusing to appear for on-the-record testimony as requested pursuant to FINRA Rule 8210, Marquez violated FINRA Rules 8210 and 2010. B. Respondent also consents to the imposition of the following sanctions: a bar from associating with any FINRA member in all capacities.


For a copy of Robert Marquez’s Letter of Acceptance, waiver and consent, click here.


For a copy of Robert Marquez’s FINRA BrokerCheck, 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.


Customer-specific suitability requires that a member or associated person have a reasonable basis to believe that the recommendation is suitable for a particular customer based on that customer’s investment profile. Among the criteria that a financial advisor must evaluate to satisfy his or her customer-specific suitability obligations include the investor’s:


  • Age
  • Other investments
  • Financial situation and needs
  • Tax status
  • Investment objectives
  • Time horizon
  • Liquidity needs
  • Risk tolerance
  • Any other information disclosed by the customer


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 (800) 931-8452 or by email at mwolper@wolperlawfirm.com.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]