Robert Scott Smith – Newberg, OR Financial Advisor at Emerson Equity LLC: Investor Alert & Case Review
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Haselkorn & Thibaut – Investment Fraud Lawyers have opened an investigation into Robert Scott Smith (CRD 1412333), a stockbroker and financial advisor currently employed with Emerson Equity LLC in Newberg, Oregon. Investors who have worked with Mr. Smith or have concerns about their investment accounts are encouraged to review the detailed information below and consider reaching out for a free, confidential consultation by calling 1-888-994-8066.
Background of Robert Scott Smith (Emerson Equity LLC, Newberg, OR)
- Name: Robert Scott Smith
- CRD Number: 1412333
- Registrations: General Securities Representative—licensed in 22 states/territories
- Current Broker-Dealer: Emerson Equity LLC (Registered since 04/03/2020)
- Branch Address: 22210 NE Sunnycrest Rd., Newberg, OR 97132
- Main Office: 155 Bovet Rd., Suite 725, San Mateo, CA 94402
- Prior Broker-Dealers: Concorde Investment Services, Pacific West Securities, Brookstreet Securities, Toluca Pacific Securities, Allmerica Investments, A.G. Edwards & Sons, Merrill Lynch
- Other Affiliations: Peregrine Private Capital, Aegis Capital Inc., Vector Footwear Re-Imagined, Cuddies & Co
- Licenses Held: SIE, Series 7, Series 3, Series 63
Haselkorn & Thibaut is actively reviewing investment recommendations made by Mr. Smith to protect investors from potential losses due to unsuitable or high-risk products. With over five decades of experience, our national law firm has achieved a 98% success rate — and remember, you pay nothing unless we recover money for you.
Investor Red Flags and Reported Complaints for Robert Scott Smith
While many advisors serve clients well, it is essential to review any history of customer complaints or regulatory issues. Below is a summary of specific complaints reported on regulatory filings related to Robert Scott Smith and his time at various firms, including Emerson Equity LLC.
Key Areas of Concern:
- Unsuitable investment recommendations
- Negligence and breach of fiduciary duty
- Misrepresentation or omission of important investment facts
- Failure to supervise
Nearly all reported customer disputes have involved high-risk, illiquid private placements and direct participation programs (DPPs & LP interests). Investors in products like GPB Automotive Portfolio LP and VII Peaks BDC II should pay particular attention to the outcomes of these disputes.
Complete List of Customer Disputes and Outcomes (As Reported on BrokerCheck)
| Case Number | Allegations | Time Period | Outcome/Settlement |
|---|---|---|---|
| FINRA 20-03895 | Unsuitable recommendations, misrepresentation (fraud/negligence), violation of fair dealing | 2013–2018 | $425,000 settlement |
| FINRA 22-00093 | Unsuitability (GPB Auto Portfolio LP, VII Peaks BDC II) | 2013–2018 | $300,000 settlement (arbitration) |
| FINRA 20-00783 | Unsuitable recommendation, fraud, breach of contract, negligent supervision, fiduciary duty breach, Oregon securities law | 2014–2017 | $265,000 settlement |
| FINRA 19-03723 | Negligence, fiduciary breach, Oregon Securities Act violations, contract breach | 2015–2018 | $278,250 settlement |
| FINRA 20-00082 | Violations including suitability (GPB Auto Portfolio LP) | 2017 | $110,000 settlement |
| FINRA 19-03511 | Unsuitable recommendations, fraud, failure to supervise, negligence (VII Peaks, GPB Auto) | 2014–2017 | $90,000 settlement |
| FINRA 19-01807 | Unsuitable sales, negligence, private placement issues | 2015–2017 | $280,000 settlement |
| N/A (received 11/8/2022) |
Suitability concerns on DPP/LP investment | Nov. 2019 | $117,747.88 settlement (2024) |
Currently, there are no open or pending disclosed customer disputes against Robert Scott Smith as per the latest regulatory records. Still, the history above shows a pattern of settlements related to high-risk investment recommendations between 2013–2019—often in products that are not suitable for every investor.
Regulatory and Firm Review Status
- No FINRA, SEC, or state enforcement actions have been publicly disclosed against Robert Scott Smith as of the latest filed records (mid-2024).
- Emerson Equity LLC, Smith’s current broker-dealer, has no material regulatory history naming him directly.
Investors are encouraged to independently verify details on the FINRA BrokerCheck database using Smith’s CRD 1412333.
What Should Investors Do Now?
- If you suffered losses in private placements, DPPs, LPs, or high-risk alternative investments recommended by Robert Scott Smith, you may be eligible to recover damages through FINRA arbitration.
- Gather your account records, investment statements, and any written communication.
- Contact Haselkorn & Thibaut at 1-888-994-8066 for a free and confidential review of your case.
- No recovery, no fee.
Why Choose Haselkorn & Thibaut?
Haselkorn & Thibaut (investmentfraudlawyers.com) is a national securities fraud law firm with over 50 years of experience, a proven 98% success rate, and millions recovered for investors nationwide. You owe nothing unless we win your case and recover your losses.
How to Stay Protected
- Regularly monitor your financial advisor’s regulatory record and registration.
- Sign up for FINRA’s free “BrokerCheck Alerts” to receive notifications about your advisor.
- If you see any red flags or have doubts about your investment recommendations, take action as soon as possible to protect your rights.
Your next step? If you have questions or feel you may have suffered losses due to Robert Scott Smith’s recommendations at Emerson Equity LLC, contact Haselkorn & Thibaut at 1-
