The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Robert Merlo. Robert Merlo was a New Jersey based securities broker. He worked in the securities industry for twenty-three years. During his career, he was registered with four different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Pruco Securities Corporation (1987-1988)
- F & G Securities (1988-1992)
- Pruco Securities Corporation (1993-1997)
- Allstate Financial Services (2004-2018)
The Allegations
Robert Merlo’s publicly available FINRA BrokerCheck report shows that he is currently facing pending criminal charges. The charges in question are for Wire Fraud, Aggravated Identity Theft, and Conspiracy to Commit Wire Fraud. Robert Merlo was terminated from his position at Allstate Financial Services after the charges were filed against him. After failing to comply with a FINRA investigation into the matter, he was in turn barred from acting as a securities broker in any fashion.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Robert Merlo, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
