Eric Brian Rosenberg, of New York, New York, a stockbroker currently registered with Oppenheimer & Co. Inc., is the subject of a customer initiated investment related complaint, which settled on April 5, 2016 for $35,285.00 in damages founded on allegations that Rosenberg effected a Transocean corporate bond purchase in the customer’s account that was neither authorized nor suitable for the customer, and made misrepresentations regarding the customer’s account portfolio.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Rosenberg has been identified in three additional customer initiated investment related disputes containing accusations of his sales practice violations during the period that he was employed with J.B. Hanauer & Co. and RBC Capital Markets Corporation. Specifically, on August 16, 1999, a customer initiated investment related written complaint involving Rosenberg’s conduct was settled for $12,400.00 in damages based upon allegations that Grupo Minero bonds had been sold and Iridium bonds purchased without the customer’s consent, causing the customer to sustain investment losses.
Subsequently, a customer initiated investment related arbitration claim involving Rosenberg’s conduct was settled for $35,000.00 in damages supported by accusations of negligence, omissions, breach of contract, unauthorized trading, and fraud relating to government and corporate debt transactions placed in the customer’s account. FINRA Arbitration No. 09-04905 (July 21, 2010). On February 17, 2015, another customer filed an investment related arbitration claim involving Rosenberg’s conduct, in which the customer requested $1,000,000.00 in damages founded on allegations that Rosenberg misappropriated or converted the customer’s funds. FINRA Arbitration No. 13-02319 (Aug. 30, 2013).
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