Atlanta Financial Professional Robert Gist Charged with Fraud

Atlanta financial professional and estate planning attorney Robert Gist has agreed to settle a lawsuit that accused him of investment fraud.

Regulatory documents reviewed by securities attorneys Jason Kane and Joe Peiffer charged that, between 2003 and 2013, Robert Gist engaged in a scheme to defraud investors by promising them that he would make conservative investments on their behalf, in corporate bonds and other securities.

In reality, Gist used investor money to finance his other business interests and pay for his lifestyle expenses, according to documents filed by securities regulators.

Gist defrauded at least 32 investors of at least $5.4 million, according to the Securities and Exchange Commission’s complaint against him. Gist agreed to settle the SEC complaint without admitting or denying the charges. The proposed settlement must be approved by the court.

Investigation by securities attorneys Kane and Peiffer established that, during much of the period Gist is accused of defrauding investors, he was affiliated with a securities broker-dealer firm.

“Securities broker-dealer firms have a duty to adequately supervise their financial professionals and ensure such professionals do not defraud the investing public,” said Jason Kane, a securities attorney. “We will continue to hold accountable those securities industry members that fail in their duties to protect their customers from rogue brokers,” said Joe Peiffer, a securities attorney.

Attorneys Kane and Peiffer are preparing to take action on behalf of Gist investors.

Investors are advised that claims such as those attorneys Kane and Peiffer are preparing to file are subject to strict statutes of limitations and may be lost forever if not timely filed.

Investors who lost money invested with Gist are encouraged to contact attorneys Jason Kane or Joe Peiffer at 585-310-5140 for a free evaluation of their case.

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Peiffer Wolf (1316 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.