Gary David Ginsberg of West Orange New Jersey a stockbroker registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim which has been settled for $12,500.00 in damages based upon allegations that real estate security transactions effected by the stockbroker at Royal Alliance Associates were not suitable given the customer’s risk tolerance and had caused the customer to incur losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01394 (Jan. 15, 2020).
This is not the first time that Ginsberg has been referenced in a customer initiated investment related dispute concerning accusations of his http://Gary David Ginsbergmisconduct at Royal Alliance Associates. FINRA Public Disclosure confirms that Ginsberg is referenced in another customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on accusations of unauthorized individual retirement account transactions by the stockbroker which caused the Royal Alliance Associates customer to grapple with unwarranted tax consequences.
Ginsberg has also been fined $20,600.00 by the State of New York Insurance Department supported by allegations of unauthorized variable annuities sales and Ginsberg’s submission of variable annuity documentation containing false information. Stipulation and Consent Order No. 2010-0345-S.
Ginsberg has been registered with Royal Alliance Associates since September 28, 1992.
