Robert J. Cross, Jr.— Outside Business Activities

California stockbroker fraud attorneyRobert J. Cross, Jr. Was Investigated by FINRA for Alleged Outside Business Activities, Financial Reporting Obligations, and Whether he Accepted Unapproved Loans from Customer while Engaging in a Private Securities Transaction

Robert J. Cross, Jr. was investigated by FINRA for alleged outside business activities, financial reporting obligations, and whether he accepted unapproved loans from a customer while engaging in a private securities transaction, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

Robert J. Cross, Jr., on June 19, 2014, learned that Allstate Financial Services filed a Form U5 amendment against him, stating that a customer complaint had been made against him alleging breach of contract, fraud, conversion, and negligence related to a collateralized bond obligation, the AWC reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Robert J. Cross, Jr. and his alleged outside business activities.

Robert J. Cross, Jr. Barred by FINRA for Failure to Appear for Testimony in Connection to an Investigation into his Alleged Outside Business Activities

Robert J. Cross, Jr., on October 15, 2015, received a written request from FINRA to appear on November 30, 2015 for on-the-record testimony, according to said AWC presently being reviewed by attorneys Alan Rosca and Joe Peiffer.

Robert J. Cross, Jr., on November 7, 2015, acknowledged, through counsel, that he received FINRA’s request, but that he would refuse to provide sworn testimony, the AWC notes. As a result of the aforementioned alleged behavior, Cross violated FINRA Rules, and, hence, has been barred by FINRA.

One should also note that, according to the AWC, Robert J. Cross, Jr. neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged outside business activities, and are currently investigating Robert J. Cross, Jr. for allegedly engaging in alleged outside business activities, suspect financial reporting obligations, and whether he accepted unapproved loans from a customer. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Robert J. Cross, Jr. for alleged outside business activities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1144 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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.