Allan Rosen Faced Cetera Advisor Networks Investor Complaint About Excessive Transactions

Investors apparently complained about securities broker Allan Eugene Rosen [CRD: 1146570, Wailuku, Hawaii], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Rosen worked for Cetera Wealth Services LLC beginning December 5, 2007, and later for Cetera Investment Advisers LLC beginning June 29, 2023, after previously working for Cetera Advisor Networks LLC from January 28, 2009, to June 29, 2023. Continue reading to find out more about Rosen’s disclosures.

Cetera Advisor Networks LLC Investor Accused Rosen Of Excessive Transactions

Specifically, on October 21, 2024, a Cetera Advisor Networks LLC client filed FINRA Arbitration No. 24-02253 about Allan Rosen. Primarily, the client alleged that Rosen failed to prevent excessive transactions in the client’s account. Because of this, the client allegedly experienced damages. Therefore, the client requested $904,030 in compensation from Cetera Advisor Networks LLC or Rosen. It appears that this arbitration is pending a resolution.

Allan Rosen Disclosed Misrepresentation Allegations By Anchor National Financial Services Client

Notably, a client of Anchor National Financial Services disputed Allan Rosen’s sales practices, based on a complaint dated March 1, 2011. Allegedly, Rosen made misrepresentations. It appears that Rosen allegedly caused the client to sustain damages on variable annuities and life insurance products. As a result, the client sought compensation from Anchor National Financial Services or Rosen in this matter. However, this complaint closed without a resolution.

United Planners' Financial Services Investor Accused Rosen Of Unsuitable Recommendations

Also, a United Planners' Financial Services client filed FINRA Arbitration No. 07-01412 about Allan Rosen. Mainly, the client alleged that Rosen made unsuitable recommendations. For this reason, the client allegedly incurred damages relating to variable annuities. Therefore, on February 21, 2008, United Planners' Financial Services settled this matter by paying the client $62,000 in damages.

Allan Rosen Disclosed Unsuitable Recommendations Allegations By United Planner's Financial Services Of America Client

Evidently, a client of United Planner's Financial Services of America contested Allan Rosen’s sales practices, according to a complaint dated March 12, 2007. Allegedly, Rosen made unsuitable recommendations. It appears that Rosen allegedly caused the investor to sustain damages connected to variable annuities. Consequently, the client sought compensation from United Planner's Financial Services of America or Rosen in the amount of $5,000 in this matter. However, the firm denied this complaint.

Were You Impacted By Financial Advisor / Securities Broker Rosen?

Do you have concerns or questions regarding investments you made with Allan Rosen? You can contact Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm takes cases on a contingency fee basis and advances all costs. Rosen and brokerage firms Rosen worked for deny accusations of sales practice violations.