Investors File Disputes About Arthur Grossbard

Soreide Law Group is investigating possible investor claims against securities broker Arthur Grossbard (also known as Artie Grossbard) (CRD: 1020971, West Orange, New Jersey). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Royal Alliance Associates Inc. Evidently, investors allege sales practice violations in these disputes, including that Grossbard gave unsuitable advice. Here is a brief summary of the disclosures about Grossbard.

Royal Alliance Associates Inc. Investor Accuses Grossbard Of Unsuitable Recommendations

Supposedly, on March 3, 2023, a Royal Alliance Associates Inc. client filed FINRA Arbitration: 23-00543 about Arthur Grossbard. Namely, the client alleged that Grossbard made unsuitable recommendations. Because of this, the client allegedly sustained damages on BDCs. Therefore, the client requested $101,001 in compensation from Royal Alliance Associates Inc. or Grossbard. Evidently, this arbitration is pending a resolution.

Royal Alliance Associates Inc. Investor Accuses Grossbard Of Unsuitable Recommendations

Evidently, a Royal Alliance Associates Inc. client filed FINRA Arbitration: 21-02887 about Arthur Grossbard. Namely, the client alleged that Grossbard gave unsuitable advice. Because of this, the client allegedly sustained damages on private placements. Therefore, the client received $25,000 in compensation from Royal Alliance Associates Inc. through a settlement on April 6, 2023.

Investor Accuses Grossbard Of Suitability

Also, a Royal Alliance Associates Inc. client filed FINRA Arbitration: 20-01113 about Arthur Grossbard. Namely, the client alleged that Grossbard provided unsuitable advice. Because of this, the client allegedly sustained damages on a private investment fund. Therefore, on October 16, 2020, Royal Alliance Associates Inc. settled this matter by paying the client $65,000 in damages.

Arthur Grossbard Employment Information

• Grossbard has worked for Ameriprise Financial Services LLC in West Orange, New Jersey, as a securities broker since June 18, 2020.
• Grossbard has worked for Ameriprise Financial Services LLC in West Orange, New Jersey, as a financial advisor since June 17, 2020.
• Grossbard worked for Royal Alliance Associates Inc. in West Orange, New Jersey, as a securities broker from October 7, 1992, to June 19, 2020.
• Grossbard worked for Royal Alliance Associates Inc. in West Orange, New Jersey, as a securities broker from March 11, 2004, to June 19, 2020.

Did Royal Alliance Associates Inc. Securities Broker Grossbard Cause You To Experience Damages?

Suffer damages because of Arthur Grossbard? If you have, contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your losses. Soreide Law Group, who has recovered money for investors across the United States, represents investors on a contingency fee basis and advances costs. Grossbard and brokerage firms Grossbard worked for deny any and all allegations of misconduct.