Joseph W. Rozof of New York New York a stockbroker currently registered with Aegis Capital Corp. is the subject of a customer initiated investment related complaint which was resolved for $14,500.00 in damages on October 8, 2019 founded on allegations that between February of 2019 and August of 2019, the customer received bad investment advice from Rozof which caused the customer to experience unwarranted investment losses.
This is not the first time that Rozof has been the subject of a customer dispute regarding his improprieties in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that another customer filed an investment related arbitration claim concerning Rozof’s conduct in which the customer sought $228,128.47 in damages based upon accusations that between October of 2007 and February of 2018, when Rozof was employed by Laidlaw Company: misrepresentations had been made by the stockbroker in regard to the customer’s investments; the customer was placed into private placements, stock and over-the-counter equities products that were unsuitable; trades were executed on an excessive basis; and the customer’s investment portfolio had been churned. FINRA Arbitration No. 18-02628 (July 30, 2018).
Rozof’s registration with Laidlaw Company was terminated on February 3, 2016. He was registered with National Securities Corporation between January 6, 2016 and May 25, 2017. Since May 2, 2017, Rozof has been associated with Aegis Capital Corp.
