Robert Turpin and Source Capital Group: Suing for Selling Away Practices

Stoltmann Law Offices is investigating Robert Turpin, a former registered representative with Source Capital Group. Turpin is accused of engaging in outside business activities, also commonly referred to as “selling away.” This is when a broker solicits and/or sells an investment that is not held or offered by his member firm. It is used exclusively to garner large commissions for the broker. Turpin is accused of selling the following products: Tartesso West Multi Family LLC, Tartesso West Commercial Mixed Us, LLC, Tartesso West High Density Reidential II, Tampa Bay Investors LLC, Tampa Bay Investors II, LLC, Tampa Bay Investors III, LLC, Alliance Equity Investors, Alliance Equity Investors Colorado LLC, and New Alliance Opportunity Investors LLC.

Robert Turpin was registered with Stiteler Investments from September 1982 until August 1985, First Financial Equity Corp in Scottsdale, Arizona from August 1985 until October 1991, M.F. Diessner Securities Corp in Phoenix, Arizona from January 1992 until July 1992, FSC Securities Corp in Atlanta, Georgia from July 1992 until February 1997, Uinta Investments in Gilbert, Arizona from March 1997 until August 1997, Desert Star Capital in Phoenix from July 1997 until August 2001, and Source Capital Group in Scottsdale from February 2010 until September 2015. He is not licensed within the industry. If you invested money with Turpin or one of the aforementioned investments, please call our securities law offices in Chicago to speak to an attorney for free. You may be able to sue his firm, Source Capital Group, for failing to reasonably supervise him. They can be held liable for investment losses.

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