Scott Michael Rosenberg of New York New York a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations that Rosenberg made misrepresentations to the customer regarding buying and holding into an options overlay strategy between 2017 and 2020 when Rosenberg was associated with UBS Financial Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03889 (Nov. 25, 2020).
FINRA Public Disclosure shows that Rosenberg has been identified in 21 additional customer initiated investment related disputes regarding accusations of his misconduct during the period that he was employed by UBS Financial Services. On March 18, 2020, a customer filed an investment related FINRA securities arbitration claim pertaining to Rosenberg’s activities where the customer sought $1,500,000.00 in damages based upon allegations including unsuitable trading and misrepresentation concerning an options overlay strategy at UBS Financial Services. FINRA Arbitration No. 20-00879. The claim alleges that the customer’s 2018 purchase and retention of the strategy resulted in damages.
Rosenberg is also the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,200,000.00 in damages founded on accusations that Rosenberg made misrepresentations to the customer regarding an options strategy. FINRA Arbitration No. 20-00965 (Mar. 25, 2020). According to the claim, Rosenberg made an unsuitable recommendation regarding this strategy and it caused the customer to experience damages between 2016 and 2020.
On May 11, 2020, a customer filed an investment related FINRA securities arbitration claim regarding Rosenberg’s conduct where the customer sought $3,000,000.00 in damages supported by allegations of a bad options overlay strategy recommended for the customer between 2017 and 2020 at UBS Financial Services. FINRA Arbitration No. 20-01326. The claim alleges that the strategy was misrepresented by the stockbroker.
Rosenberg is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested unspecified damages based upon accusations of misrepresentation and unsuitability concerning the recommendation to buy and hold options as part of an overlay strategy beginning in 2018. FINRA Arbitration No. 20-01437 (May 21, 2020).
On June 2, 2020, another customer filed an investment related FINRA securities arbitration claim regarding Rosenberg’s activities where the customer sought $250,000.00 in damages founded on allegations of poor advice and misstatements by Rosenberg regarding options. FINRA Arbitration No. 20-01517.
Rosenberg is also the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $89,675.00 in compensatory damages according to UBS Financial Services being found liable for causing the customer’s damages on a Yield Enhancement Strategy. FINRA Arbitration No. 19-00522 (Dec. 22, 2020). According to the Award, the Yield Enhancement Strategy (YES) recommended by Rosenberg was unsuitable.
Rosenberg has been a stockbroker and investment adviser representative of UBS Financial Services since November 20, 2015.
