Gary David Ginsberg of West Orange New Jersey a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages founded on allegations that the customer was sold an unsuitable real estate security during the period that Ginsberg was associated with Royal Alliance Associates. FINRA Arbitration No. 20-02947 (Sept. 3, 2020).
Ginsberg has been referenced in three more customer initiated investment related disputes regarding accusations of his improprieties when associated with Royal Alliance Associates. FINRA Public Disclosure reveals that a customer initiated investment related FINRA securities arbitration claim regarding Ginsberg’s conduct was resolved for $30,000.00 in damages based upon allegations of an unauthorized individual retirement account transaction by Ginsberg at Royal Alliance Associates which resulted in damages to the customer.
Ginsberg is referenced in another customer initiated investment related FINRA securities arbitration claim which was settled for $12,500.00 in damages supported by accusations of Ginsberg selling a real estate security to the customer. FINRA Arbitration No. 19-01394 (Jan. 15, 2020). According to the claim, the Royal Alliance Associates customer took on unreasonable and unwarranted risk because of the stockbroker.
On August 8, 2020, another customer filed an investment related complaint involving Ginsberg’s activities where the customer sought compensatory damages founded on allegations that during the time that Ginsberg was associated with Royal Alliance Associates, he executed a non-traded real estate investment trust transaction which was unsuitable for the customer.
Ginsberg’s stockbroker and investment adviser registrations with Royal Alliance Associates have been terminated on June 19, 2020. Since June 17, 2020, he has been a stockbroker and investment adviser representative of Ameriprise Financial Services LLC.
