Robert Henderson Jr., Broker with San Blas Securities, Suspended by FINRA for 13 Months

Henderson was accused of engaging in outside business activity.

Robert Henderson Jr. (CRD#: 1160413) is registered as a broker and investment adviser with San Blas Securities, where he has been employed since 2021. Henderson was previously registered as a broker with Essex Securities LLC in 2020.

Henderson has eleven disclosures on his BrokerCheck report since 2000. One customer dispute filed against Henderson was denied and two customer disputes were closed with no action taken.

December 2019 Regulatory Judgment

• Status: Pending
• Initiated By: FINRA
• Allegations: Henderson was named a respondent in a FINRA complaint alleging that he engaged in outside business activities without providing prior written notice to his member firm. The complaint alleges that one of Henderson’s outside business activities sold its last condominium unit and he received approximately 10 percent of the proceeds from that sale. Henderson failed to provide written notice to his firm when he received the proceeds from the sale of the condominium unit. Henderson amended his Form U4 to disclose his involvement with these business activities after his firm had learned of his involvement with one of them when FINRA notified it, and after FINRA questioned Henderson concerning his involvement with the other. The complaint also alleges that Henderson willfully failed to timely amend his Form U4 to disclose federal tax liens, totaling more than $368,000.
• Regulator Statement: Hearing Panel decision rendered September 7, 2021 wherein respondent is fined $30,000 and suspended from association with any FINRA member in all capacities for 13 months. The sanctions are based on findings that Henderson engaged in outside business activities (OBAs) without providing written notice to his member firm. The findings stated that Henderson did not disclose his OBAs when he became associated with the firm and later formed an additional company while employed with the firm that he did not disclose. In addition, Henderson represented on a FINRA Personal Activity Questionnaire that he was not engaged in any OBAs for which he was compensated. In fact, Henderson and his spouse both received various compensation from the businesses. Henderson disclosed his activities in an amended Form U4 filings after an on-the-record interview with FINRA wherein he was asked about his failure to disclose his OBAs. The findings also stated that Henderson willfully failed to timely amend his Form U4 to disclose federal tax liens totaling $368,220. If no further action is taken, decision will become final on October 25, 2021.

December 2014 Judgment / Lien

• Judgment / Lien Amount: $135,631.44
• Judgment / Lien Type: Tax
• Broker Comment: This liens is actually two separate liens. The 2011 lien in the amount of $46,809.10 has been paid.

December 2014 Judgment / Lien

• Judgment / Lien Amount: $37,703.01
• Judgment / Lien Type: Tax
• Broker Comment: IRS negotiations completed in October of 2016. I am presently on a payment plan with the IRS.

July 2014 Judgment / Lien

• Judgment / Lien Amount: $380,253.70
• Judgment / Lien Type: Tax
• Broker Comment: Negotiation completed in October 2016. Installment agreement entered.

May 2014 Judgment / Lien

• Judgment / Lien Amount: $144,163.74
• Judgment / Lien Type: Tax
• Broker Comment: Negotiation completed in October 2016. Installment agreement entered.

October 2002 Customer Dispute

• Status: Settled
• Allegations: Client alleged that losses in his account were the result of unauthorized trading. Throughout the history of the account the firm communicated with the client via letters and telephone calls. However, the client did not express any concerns regarding his account.
• Damage Amount Requested: $132,000.00
• Settlement Amount: $48,500.00

May 2002 Customer Dispute

• Status: Settled
• Allegations: Customers allege unauthorized trading activity and breach of fiduciary duties.  Allegations are based on activity that occurred in the account from October of 1998 through May of 2000.
• Damage Amount Requested: $116,221.00
• Settlement Amount: $40,000.00

October 2001 Customer Dispute

• Status: Settled
• Allegations: Customers allege unauthorized trading in accounts, excessive trading, excessive commissions and suitability issues. [Customers] were referred to the Henderson Financial Group by a satisfied customer in the year of 1999. We enjoyed a healthy and prosperous relationship until the market began to fall in 2000-1. The [Customers]’ claim is totally false. They are simply trying to blame us for the down turn of the market. We never had any complaints about unauthorized trades by the [Customers].
• Damage Amount Requested: $75,000.00
• Settlement Amount: $35,000.00

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Robert Henderson Jr.. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.