Aalon Rose (also known as Allen Rose), of Garden City, New York, a stockbroker currently registered with Morgan Wilshire Securities Inc., is the subject of a customer initiated investment related arbitration claim where the customer requested $29,479.81 in damages founded on allegations that Rose made misrepresentations to the customer during the time that he was employed by IFS Securities and Morgan Wilshire Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02684 (November 4, 2021).
According to the claim, unsuitable and unauthorized trades were made by Rose concerning money market funds, common and preferred stocks, and over-the-counter equities, resulting in damages to the customer.
FINRA Public Disclosure also shows that Rose was registered with National Securities Corporation. He was discharged by the securities broker dealer based upon accusations of him engaging in an outside business activity without disclosing it to the company.
Rose has been associated with Morgan Wilshire Securities as a stockbroker since October 21, 2014, and registered with First American Asset Advisory LLC as an investment adviser representative since August 5, 2021.
