Laurence Bache Rossbach of New York New York is a stockbroker formerly employed with Morgan Stanley who is the subject of a customer initiated investment related written complaint on October 3 2017 in which the customer sought forty-four thousand dollars in damages based upon allegations that stock transactions had been effected in the customer’s account that were not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Rossbach has been identified in three additional customer initiated investment related disputes pertaining to accusations of her misconduct during the time that he was employed with Morgan Stanley, Citigroup Global Markets, Inc., and Salomon Smith Barney. Particularly, on May 10, 2000, a customer filed an investment related written complaint regarding Rossbach’s activities, where the customer requested $263,000.00 in damages supported by accusations of suitability and breach of fiduciary duty relating to equity transactions placed in the customer’s account.
Thereafter, a customer initiated investment related arbitration claim regarding Rossbach’s activities was resolved for $2,143,238.13 in damages founded on allegations of misrepresentation relating to a proprietary alternative investment. FINRA Arbitration No. 10-05769 (Nov. 14, 2011). Subsequently, a customer initiated investment related arbitration claim involving Rossbach’s conduct was settled for $19,000.00 in damages based upon accusations that Rossbach effected equity transactions in the customer’s account which were not suitable for the customer. FINRA Arbitration No. 12-03668 (Jan. 15, 2014).
Rossbach’s registration with Morgan Stanley was terminated on June 5, 2017.
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