Robert Edward Wamhoff has spent 26 years in the securities industry, registered with three different brokerage firms. He is currently employed as a securities broker for Calton and Associates, and has been since 2016. Before that, Robert Wamhoff was registered with VSR Financial Services for ten years, one year at Commonwealth Financial Network, after originally starting with Mutual Service Corporation, where he was employed for fourteen years.
The law firm of Oakes & Fosher represents investors seeking to recover losses due to stockbroker misconduct. Oakes & Fosher handles securities cases on a nationwide basis, and there are no attorney’s fees unless we collect for you.
Publicly available records show that during his securities career, Robert Wamhoff has been the subject of eight customer complaints. No action was taken with three of these complaints, four of them were settled, and the last one is currently pending. The pending dispute is an arbitration brought by Oakes & Fosher, LLC on behalf of one of Wamhoff’s former clients.
His previous, settled complaints arose from allegations that consist of: fraud, negligence, violation of the Missouri and Illinois Securities acts, breach of fiduciary duty, breach of contract, and making unsuitable investments. The current arbitration centers around allegations of Robert Wamhoff purchasing non-traded REITs, or Real Estate Investment Trust.
He specifically bought the non-traded REITS of the firms Inland American and Behringer Harvard. Being non-traded REITs, these two companies do not sell their shares through the stock exchange. Non-traded REITs like Inland American and Behringer Harvard lack transparency as they are unable to readily inform shareholders of market prices and share values. They as well lack the liquidity of stocks sold on the open market. They are also very susceptible to severe conflicts of interest in which situations arise where the securities broker and brokerage firm benefits, while the client does not.
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Oakes and Fosher wants to help those who have been hurt by Robert Wamhoff. If you, or anyone you know, have lost money investing with Robert Wamhoff, please contact us immediately for a free and private consultation.