Ronald Harris Rothchild of Garden City New York a stockbroker formerly employed by Raymond James Financial Services Inc. has been discharged by the firm and its advisory affiliate on April 8, 2016 supported by allegations that Rothchild (1) placed trades in a customer’s investment account that were neither suitable nor authorized by the customer and (2) provided erroneous assurances concerning the income to be generated by the customer’s investment holdings.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Rothchild has been identified in three customer initiated investment related disputes containing accusations of Rothchild’s misconduct while employed by Raymond James. In particular, on June 14, 2016, a customer initiated investment related complaint pertaining to Rothchild’s activities was settled for $132,000.00 in damages founded on allegations of suitability and unauthorized trading concerning closed end funds, mutual funds, equities and direct investment products.
Thereafter, a customer initiated investment related arbitration claim involving Rothchild’s conduct was resolved for $40,000.00 in damages based upon accusations that misrepresentations had been made to the customer; contractual and fiduciary obligations to the customer had been breached; misrepresentations and omissions had been made to the customer concerning the customer’s transactions executed in the customer’s account; the customer’s investment account was transacted upon in a negligent manner; and Raymond James failed to supervise Rothchild’s activities in the customer’s account. FINRA Arbitration No. 16-03627 (Oct. 19, 2017).
Then, on March 28, 2018, a customer filed an investment related complaint concerning Rothchild’s conduct in which the customer requested $149,236.86 in damages based upon allegations that between July 26, 2011 and April 11, 2016, investments were not accurately represented to the customer and equities trades were effected in the customer’s account that failed to conform to the customer’s investment objectives.
Rothchild has been registered with National Securities Corporation since August 3, 2017.
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