In the Matter of Robert Wylie Goff

Robert Wylie Goff allegedly exercised discretion in customer accounts without written authorization from the customers, and without his member firm accepting the accounts as discretionary. According to FINRA, Goff effected 46 trades in 12 customer accounts without first speaking with the customers prior to execution on the date of the transactions. Goff’s exercise of discretion extended beyond time and price discretion, and included exercising discretion with regard to which securities to purchase and sell and in what amounts. In addition, Goff inaccurately stated in an annual compliance questionnaire submitted to his firm that he had not exercised discretion in customer accounts.

Summary generated from official Financial Industry Regulatory Authority press release