Arthur Solomon Grossbard (also known as Artie Grossbard), of West Orange, New Jersey, a stockbroker registered with Royal Alliance Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Grossbard made unsuitable investment recommendations of private placements when Grossbard was associated with Royal Alliance Associates Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02887 (November 19, 2021).
This is not the first time that Grossbard has been referenced in a customer initiated investment related dispute concerning Grossbard’s conduct in the securities industry. FINRA Public Disclosure shows that Grossbard was also referenced in a FINRA securities arbitration claim that was settled for $65,000.00 in damages based upon allegations that Grossbard made unsuitable recommendations of private placement investments. FINRA Arbitration No. 20-01113 (October 16, 2020).
Grossbard was associated with Royal Alliance Associates Inc. in West Orange, NJ, as a stockbroker from October of 1992 to June of 2020, and associated with Royal Alliance Associates Inc. in Jersey City, NJ, as an investment advisor representative from March of 2004 to June of 2020.
Grossbard has been associated with Ameriprise Financial Services LLC in West Orange, New Jersey, as a stockbroker since June 18, 2020, and as an investment advisor representative since June 17, 2020.
