Securities Arbitration Lawyers BlogFINRA Bars Broker Randall Skrabonja
Randall Skrabonja (Randall George Skrabonja CRD# 1858245) is a previously registered broker and investment advisor last employed with Green Vista Capital, LLC (CRD# 293630) of Winter Park, FL. His previous employers include Sagepoint Financial, Inc. (CRD# 133763) of Fort Lauderdale, FL, MetLife Securities Inc. (CRD# 14251) of West Palm Beach, FL, and Metropolitan Life Insurance Company (CRD# 4095) of New York, NY. He has been in the industry since 1988.
Skrabonja’s CRD record contains seven different disclosures. The first is his discharge by Green Vista Capital. The firm discharged Skrabonja on 5/4/2023 after allegations of selling away without firm approval, meaning selling securities that were not vetted, endorsed, or sold by the firm.
Following Green Vista’s issuance of a Uniform Termination Notice for Securities Industry Registration (Form U5), FINRA reviewed the document and initiated an investigation of Skrabonja’s record. Staff notified Skrabonja of its request for specific documents and information regarding the review. In a phone interview with FINRA staff, Skrabonja notified staff that he would not comply with their request to provide this information at any time. FINRA then barred Skrabonja indefinitely effective 6/26/2023, as detailed in the Acceptance, Waiver & Consent (AWC) letter issued by FINRA.
The first customer dispute was filed on 10/27/2023, from a client alleging “breach of fiduciary duty; violation of FINRA rules, breach of contract and negligence; and negligent supervision.” The customer is requesting damages of $1,000,000. This claim is listed as “pending.”
A customer dispute filed on 5/11/2021 alleged that Skrabonja “sold them an unsuitable alternative investment, in or around December 2, 2013. The complainant’s state that this did not align with their strategy, to preserve their principal and avoid any unnecessary risk, with their liquid investable assets.” In the broker statement, Skrabonja rebutted the claim insisting that everything was handled correctly, and that he had no relationship with the clients after he left MetLife in 2015. Furthermore, MetLife policies prohibited communication between him and the client after his departure. The client requested damages of $25,000, and the claim was settled for $7,500.
A prior customer dispute filed on 10/10/2016 alleged that Skrabonja “advice to purchase the variable annuities in April 2015 and additional securities purchased throughout 2015 were not suitable. no specific compensatory damages were alleged.” Again, Skrabonja denies the allegations, having left in 2015, and mentions a coworker “to act as a money manager for the portfolio,” who should be involved. This claim was denied.
MetLife terminated Skrabonja on 7/8/2015 after allegations by a terminated personal assistant who accused him of outside business activities, and recommended she purchase $1,000 in Iraqi Dinars. The FINRA investigation found that the employees’ allegations were untrue.
Skrabonja’s first customer dispute was filed on 5/28/2015, and alleged that he “misrepresented the features of a variable annuity purchased in October 2013. customer has alleged damages as noted below.” Skrabonja also rebutted this dispute, which requested damages of $14,221.10. Following two investigations, the firm denied the claim.
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