Peter Robertson Involved in Oil & Gas Investment Disputes
Peter Robertson (CRD# 1695345), a broker registered with Osaic Wealth, recommended unsuitable oil and gas investments, according to investor disputes. MDF Law is investigating the Irvine, California-based financial professional for similar conduct. Contact us for a free, confidential consultation if you have concerns about your accounts.
To learn more about the allegations involving Mr. Robertson, continue reading this post. The information below can be found on his BrokerCheck record, a Financial industry Regulatory Authority profile examined on February 7, 2025.
Pending Oil & Gas Investment Disputes Seek 7-Figure Damages
In 2024, two parties of investors lodged disputes involving Mr. Robertson. In both cases, the claimants allege that he recommended unsuitable investments in oil and gas products. The disputes, which are still pending, seek cumulative damages of more than $3 million.
Understanding FINRA’s Suitability Standard
It’s worth deconstructing of the allegations involving Mr. Robertson, as they describe forms of investment fraud that all investors should watch vigilantly for. Unsuitable recommendations are those that aren’t tailored to a customer’s particular needs. As you may know, when an investor opens an account, their broker ascertains their profile. This includes such factors as the customer’s investment experience, investment goals, liquidity needs, income, net worth, risk tolerance, and more. Using this information, the broker must exercise reasonable diligence to determine whether potential investments or strategies are suitable for the customer. A long-term investment in an illiquid, speculative oil and gas venture, for instance, likely wouldn’t be suitable for a customer with a conservative risk tolerance and/or near-term liquidity needs.
What Is Peak Financial Group?
As his BrokerCheck profile reflects, Mr. Robertson operates under the brand Peak Financial Group. As this firm’s LinkedIn profile reflects, it offers securities and advisory services through Osaic. “For more than 30 years Peak Financial Group has exclusively partnered with affluent executives, business owners and their families to address their unique, complex, and multifaceted financial needs,” reads an overview of the firm. “We help clients achieve peak financial success and a lasting legacy reflecting their values and generosity.”
FINRA: Peter Robertson Based in Irvine, California
Mr. Robertson started his career as a broker in 1987, when he registered with Cigna Financial Advisors in Radnor, Pennsylvania. In 1998 he joined Lincoln Financial Advisors, which was acquired in 2024 by Osaic Wealth. He is registered with the firm’s Irvine, California office today. With 37 years of experience as a broker, he has completed six industry exams, including the Series 63, the Series 7, and the Series 22.
MDF Law Advocates for Investors’ Rights
Did you lose money on oil and gas investments or other unsuitable products recommended by Peter Robertson? MDF Law may be able to help you recover losses. Call our seasoned broker fraud attorneys at 800-767-8040 to chat with an attorney for free. You may have a limited time to file a FINRA arbitration claim, so encourage you to avoid delay: call MDF Law today.