Eric Brian Rosenberg of Parsippany New Jersey a stockbroker currently registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $157,466.25 in damages supported by accusations that (1) unfounded statements were made by the stockbroker concerning investments and (2) investment recommendations made to the customer were not suitable specifically with regard to the customer’s investments in Ohio State Air Quality Development Authority municipal debt instruments made while Rosenberg was associated with Oppenheimer Co. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00958 (Apr. 11, 2019).
FINRA Public Disclosure confirms that Rosenberg has been identified in four additional customer initiated investment related disputes pertaining to allegations of his misconduct during the period in which he was associated with Oppenheimer and RBC Capital Markets and J.B. Hanauer Co. Specifically, Rosenberg is the subject of a customer initiated investment related written complaint on July 16, 2019 in which the customer requested $12,400.00 in damages based upon accusations that corporate debt transactions, which included a purchase of Iridium bonds and Grupo Minero bonds, failed to be authorized by the customer.
Another customer initiated investment related arbitration claim involving Rosenberg’s behavior was settled for $35,000.00 in damages founded on allegations that the customer’s account had been handled with poor care; false or misleading statements and omissions were made about investments; contractual obligations had been violated; unauthorized trades were executed in the customer’s account; and the customer had been defrauded with respect to the corporate and government debt investment trades placed by the stockbroker during the time that he was employed by RBC Capital Markets.
Rosenberg is referenced in another customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages supported by accusations of misappropriation by the stockbroker in reference to the customer’s investment transactions. On April 5, 2016, another customer initiated investment related complaint concerning Rosenberg’s conduct was resolved for $35,285.00 in damages based upon allegations of the purchase of a corporate bond being executed in the customer’s account without the customer’s knowledge or consent; trades being wholly unsuitable for the customer given the customer’s objectives, tolerance for risk or overall investment circumstances; and misrepresentations having been made by the stockbroker concerning the customer’s investments at Oppenheimer.
Rosenberg was also terminated by former securities broker dealer employer, RBC Capital Markets, founded on accusations of his failure to comply with polices or procedures.
