Last Updated: February 2025 (Wellington, FL)
National securities fraud lawyers at Patil Law P.C. are investigating current Lincoln Investment broker Robert Raymond Restino (CRD #2070863) regarding allegations of misrepresenting investment risks and fraudulently categorizing a client as an aggressive investor. The investigation stems from a recently filed civil lawsuit in Palm Beach County, Florida alleging serious misconduct in mutual fund investments.
Critical Insights About Wellington Financial Advisor Robert Restino:
- Advisor Name: Robert R. Restino
- CRD: 2070863
- Location: Wellington, FL
- Current Employer: Lincoln Investment
- Classification: Registered Representative & Investment Adviser Representative
- Primary Location: 2876 Shaughnessy Drive, Wellington, FL 33414
- Can Robert Restino be sued in FINRA arbitration: Yes
- Customer Disputes: One pending complaint
- Current Registrations: Licensed in 4 states
- Years of Experience: Since 1990
- Previous Employers: Legend Advisory Corp, Legend Equities Corporation
- Professional Qualifications: Series 6, 63, 65, SIE licenses
Details Of Current Investigation A customer complaint filed in October 2024 alleges:
- Misrepresentation of investment strategy and risk
- Fraudulent classification of client risk tolerance
- False guarantees regarding conservative investment approach
- Losses exceeding $500,000
- Breach of fiduciary duty
- Pending civil litigation in Palm Beach County Circuit Court
Analysis Of Alleged Misconduct The allegations raise serious concerns about:
- Risk disclosure practices
- Client profile documentation
- Investment suitability
- Portfolio management
- Fiduciary obligations
- Client communication
- Account supervision
Regulatory Framework And Investor Protection SEC Regulation Best Interest requires:
- Accurate risk disclosures
- Proper client profiling
- Suitable investment recommendations
- Clear communication
- Accurate documentation
- Client best interest standard
FINRA Rules And Their Significance FINRA Rule 2111 mandates:
- Reasonable basis suitability
- Customer-specific suitability
- Quantitative suitability
- Accurate risk profiling
- proper documentation
Professional Background Mr. Restino’s career includes:
- Entry into securities industry in 1990
- Previous employment with Legend Advisory Corp and Legend Equities
- Current position at Lincoln Investment since 2013
- Investment adviser registration
- Multiple state licenses
Red Flags For Investors
- Pending lawsuit allegations
- Risk tolerance misrepresentation claims
- Significant client losses
- Investment strategy concerns
- Documentation issues
- Client profiling questions
- Portfolio management concerns
- Fiduciary duty questions
Implications For Current And Former Clients Current and former clients should:
- Review account documentation
- Verify risk tolerance settings
- Examine portfolio allocations
- Check investment objectives
- Monitor account activity
- Document communications
- Review account statements
- Assess investment losses
- Consider independent review
- Evaluate investment suitability
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about misrepresented investment risks or inappropriate investment recommendations in your account handled by Mr. Restino, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
