Robert Nelson Rasbach, of Westport, Connecticut, a stockbroker registered with David Lerner Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Rasbach made unsuitable investment recommendations and made misrepresentations and omissions of material fact in connection with the sale of Energy 11 Energy 12 products when Rasbach was associated with David Lerner Associates Inc. FINRA Arbitration No. 23-02548 (September 20, 2023).
FINRA Public Disclosure shows that Rasbach is referenced in three other customer initiated investment related disputes concerning Rasbach’s conduct while associated with securities broker dealers. On April 26, 2012, a customer filed an investment related complaint involving Rasbach’s conduct in which the customer requested damages based upon allegations that Rasbach made misrepresentations of material fact in connection with the sale of real estate securities during the time that Rasbach was associated with David Lerner Associates Inc. The complaint was closed with no further action taken by the customer.
Rasbach was also referenced in a customer initiated investment related complaint filed on April 24, 2018, in which the customer requested $14,820.00 in damages based upon allegations that Rasbach made unsuitable recommendations in mutual funds. The securities broker dealer denied the complaint.
Rasbach was also the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $239,036.00 in damages based upon allegations that Rasbach made unsuitable recommendations, breached his fiduciary duties, and made misrepresentations and omissions in connection with the sale of Energy 11 and Energy Resources 12. FINRA Arbitration No. 22-00475 (February 14, 2024).
Rasbach has been associated with Kingswood Capital Partners LLC in New York, New York since May 19, 2023. Rasbach was associated with Benchmark Investments LLC in New York, New York from February 17, 2021, to May 19, 2023. He was associated with David Lerner Associates Inc. in Westport, Connecticut from April 7, 2000, to February 22, 2021.
