Investor Alleges Robert Kully Gave Unsuitable Investment Recommendation

Robert Kully (CRD #: 3212528), a broker formerly registered with Western International Securities, allegedly made a misleading investment recommendation, according to his BrokerCheck record, accessed on January 16, 2025. If you have questions about his alleged conduct as a broker, read on.

Investor Disputes

On December 16, 2024, an investor alleged that Robert Kully made an unsuitable and misleading investment recommendation. The client seeks $50,000 in this pending dispute.

On November 8, 2022, an investor alleged that Robert Kully made fraudulent misrepresentations and/or omissions related to investments made from 2015-2016. The client sought $400,000 and received a settlement of $60,000.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, and otherwise fraudulent methods to influence investors’ decisions. The misrepresentation or omission of material facts violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account a client’s risk tolerance, age, and other characteristics described in the investor’s profile.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

Background Information

Robert Kully has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

He previously worked for the following firms:

• Western International Securities (CRD#:39262)
• Axiom Capital Management (CRD#:26580)
• Financial West Group (CRD#:16668)
• Crown Capital Securities (CRD#:6312)
• VSR Financial Services (CRD#:14503)
• GWR Investments (CRD#:25312)

Kurta Law Can Help

If you worked with Robert Kully and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.