Former Voya Financial Advisor Robert Witt Barred by FINRA for Unauthorized Trading

Robert Witt (CRD#: 2926506) is a former broker and investment advisor (RIA).

Most recently, Mr. Witt was employed as a securities representative at Voya Financial Advisors in Libertyville, IL (2014 to 2016).

Prior to that, he was also associated with ING Financial Partners (2006 to 2010).

In October of 2016, Robert Daniel Witt was permitted to resign from Voya Financial Advisors following allegations that he engaged in unauthorized trading on the brokerage accounts of his clients.

Subsequently, he was barred by FINRA after he knowingly failed to respond to an official investigation.

Investor Complaints: Former Financial Advisor Robert Witt

Since 2016, at least nine different investors have filed complaints against former Voya Financial Advisors representative Robert Witt. According to BrokerCheck, the following claims have all been settled:

• Poor advice and broker negligence: Settled for $2,163.49;
• Unsuitable annuity recommendations: Settled for $14,530.15;
• Improper investment recommendations and lack of diversification: Settled for $3,674.65;
• Material misrepresentations and unsuitable investments: Settled for $15,000;
• Unsuitable investment recommendations: Settled for $19,000;
• High risk, unsuitable trading strategies: Settled for $27,500;
• Unsuitable investments and unauthorized trading: Settled for $115,000;
• Unauthorized trading: Settled for $100,000; and
• Unsuitable investments and poor diversification: Settled for $50,000.

Get Help From Our FINRA Arbitration Lawyers Today

At Sonn Law Group, we protect investor rights. If you were the victim of unauthorized trading or broker fraud, our law firm is available to help. Contact us now for a free, no obligation initial consultation.

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