Robert Benjamin Caiati: Charged by FINRA? The Truth Exposed (2024)
History Of Robert Benjamin Caiati
Caiati first became employed by Daiwa Capital Markets America Inc. (DCMA or the
firm) in 2005. He became registered as an Operations Professional with the firm in 2013.
DCMA terminated his registration by Form U5 dated July 23, 2019 for his “[f]ailure to
comply with internal policies, including those related to business expense reports.”
Although Caiati is no longer associated with a FINRA member, FINRA retains
jurisdiction over him pursuant to Article V, Section 4 of FINRA’ s By-Laws.
Robert Benjamin Caiati Report
From July 2016 to December 2018, Caiati submitted twenty-seven expense
reimbursement requests, totaling $3,646.86, for business meals and entertainment that he
knew were not compliant with the firm’s expense reimbursement policies. He obtained
approval for these expense reimbursements by providing inaccurate information to the
firm, including by misidentifying the purpose of, and attendees present at, the events. As
a result, Caiati made improper use of firm funds in violation of FINRA Rule 2010.
Penalties, Punishments & Sanctions
■ a nine-month suspension from associating with any FINRA member in any
capacity; and
■ a $5,000 fine.
Respondent understands that if he is barred or suspended from associating with any
FINRA member, he becomes subject to a statutory disqualification as that term is defined
in Article III, Section 4 of FINRA’ s By-Laws, incorporating Section 3(a)(39) of the
Securities Exchange Act of 1934. Accordingly, he may not be associated with any
FINRA member in any capacity, including clerical or ministerial functions, during the
period of the bar or suspension. See FINRA Rules 8310 and 8311.
How can you spot a broker who is trying to deceive you?
A broker’s credentials, registration, and job history can be reviewed using BrokerCheck, a free online tool provided by FINRA. Disputes with clients, disciplinary actions, and specific financial and criminal matters on the broker’s record are all covered in the disclosure portion of BrokerCheck.
The fine shall be due and payable either immediately upon reassociation with a member
firm or prior to any application or request for relief from any statutory disqualification
resulting from this or any other event or proceeding, whichever is earlier.
Respondent specifically and voluntarily waives any right to claim an inability to pay, now
or at any time after the execution of this AWC, the monetary sanction imposed in this
matter.
Robert Benjamin Caiati Review
From July 2016 to December 2018, Caiati submitted twenty-seven expense
reimbursement requests, totaling $3,646.86, for business meals and entertainment that he
knew were not compliant with the firm’s expense reimbursement policies. He obtained
approval for these expense reimbursements by providing inaccurate information to the
firm, including by misidentifying the purpose of, and attendees present at, the events. As
a result, Caiati made improper use of firm funds in violation of FINRA Rule 2010.
How To Spot A Fraud Finance Advisor (Infographic)
Help For Victims Of Robert Benjamin Caiati
If you have lost funds because of misrepresentation, unsuitable investment, or unsuitable investment strategy from Robert Benjamin Caiati. Then you can take legal action and get justice. Fraud, Malpractice & dereliction of duty should not be taken lightly, especially in this industry. We highly suggest that you notify authorities or seek legal action if your financial advisor or brokerage firm fails to abide by FINRA’s rules are regulations.
Financial advisors are regulatory & legally obligated to suggest (recommend) the most suitable investments/investment strategies to their clients. Their suggestions should have their client’s best interests and should be appropriate for their client’s goals and needs. Similarly, the brokerage firm which hires financial advisors also has a regulatory & legal obligation to keep a close watch and supervise their Financial Advisors’ practices & behavior. They need to make sure that the financial advisor is not being manipulative or having an unreasonable bias towards certain investments. If the financial advisor and/or the brokerage firm breaches these duties, then the client/customer may be entitled to a full or partial recovery of their losses.
Financial advisors need to have the interest of their clients when giving suggestions related to investments and investment strategies. Reasonable basis suitability requires the advisor to do their best to analyze & identify the risks and rewards associated with their suggested investment and/or investment strategy.
Dr. Henrique Duck, PhD in Media Studies and Critical Theory, specializes in writing detailed critics stories and reviews. He has contributed to prominent newspapers and websites, providing insightful analysis of media content and its effects on society.
