Alan Robert Rosenberg of Garden City, New York, a stockbroker currently registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer sought $150,000.00 in damages founded on accusations of suitability, negligence, and breach of fiduciary duty with respect to sector-specific stock transactions effected in the customer’s investment portfolio between September 11, 2007 and November 4, 2016. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02999 (Nov. 8, 2017).
FINRA Public Disclosure confirms that Rosenberg has been referenced in three more customer initiated investment related disputes pertaining to allegations of Rosenberg’s misconduct while employed with Raymond James. Specifically, on March 11, 2009, a customer filed an investment related written complaint involving Rosenberg’s conduct wherein the customer requested $5,000.00 in damages based upon accusations of unsuitable mutual funds transactions having been effected in the customer’s account.
Subsequently, a customer initiated investment related arbitration claim involving Rosenberg’s conduct was settled for $80,000.00 in damages supported by allegations of over-concentration, suitability, breach of fiduciary duty, negligence, misrepresentation, breach of contract, and fraud relating to mutual fund and equity transactions executed in the customer’s investment account. FINRA Arbitration No. 09-05372 (July 7, 2010).
Then, a customer filed an investment related arbitration claim regarding Rosenberg’s activities, where the customer sought $150,000.00 in damages founded on allegations of breach of fiduciary duty, suitability, and violation of FINRA Rules between September 20, 2007 and January 29, 2016. FINRA Arbitration No. 16-03465 (Dec. 15, 2016).
Rosenberg has also been fined $7,518.00 by New York State Insurance Department based upon a Stipulation and Consent Order supported by findings that he caused customers to provide him with signed but otherwise blank annuity replacement forms and applications to effect insurance transactions. Case No. 2004-0293-S (Jan. 21, 2005).
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