According to FINRA, Robert George Gorham was suspended from association with any FINRA member firm pursuant to FINRA Rule Series 9554 for failure to comply with an arbitration award or related settlement.

The suspension became effective on August 6, 2025. As of the report date, the suspension had not been lifted.

The underlying arbitration is FINRA Arbitration Case #25-00270.

FINRA Rule Series 9554 allows FINRA to suspend or bar individuals who fail to pay arbitration awards or settlements. This enforcement mechanism ensures that arbitration awards have real consequences and that harmed investors actually receive the compensation to which they are entitled.

When a registered representative loses an arbitration or enters a settlement agreement and then fails to pay, FINRA will suspend them from the industry. This suspension remains in effect until the award is paid or the individual is otherwise released from the obligation.

For the investor who won the arbitration award, this suspension provides leverage but does not guarantee payment. Suspended individuals cannot work in the securities industry, which creates financial pressure to satisfy the award.

For other investors, this action provides important information. Individuals who fail to pay arbitration awards may have financial difficulties or may demonstrate a disregard for their obligations. Check BrokerCheck before working with any financial professional to review their complete regulatory history, including arbitration awards.