Were you the victim of Penbrook Management LLC broker Robert Anderson (CRD# 5516)? He has been registered with Beech Hill Securities, Inc. in New York, New York, since 2013, and Penbrook Management LLC in New York, New York, since 2007.
In September 2025, the Florida Office of Financial Regulation issued a cease and desist against him and sanctioned him to pay $6,875 in civil and administrative penalties and fines related to violations of section 517.12(3), Florida Statutes, for rendering investment advice.
Robert Anderson Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2026. “I have been named as a defendant in a civil action filed in April 2026 in Connecticut Superior Court involving allegations related to trust administration and investment management activities. The plaintiffs assert claims including breach of fiduciary duty, conversion, and related allegations concerning investment decisions, disclosures, and trust distributions. I strongly deny the allegations, believe they are without merit, and am actively defending the matter. The case is pending.” The customer is seeking $2,479,000 in damages. The complaint was regarding equity OTC and common and preferred stock losses. It took place while he was registered with Penbrook Management LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Penbrook Management LLC may be liable for investment or other losses suffered by Robert Anderson’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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