Oppenheimer's Eric Rosenberg Allegedly Made Bad Recommendations

Soreide Law Group is investigating potential investor claims against securities broker Eric Brian Rosenberg [CRD#: 1027041, New York, New York]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck reports that at least 5 clients contested the securities recommendations or sales of the securities broker, who joined Oppenheimer & Co. Inc. (“Oppenheimer”) on June 12, 2013. Notably, clients of Oppenheimer suggest that Rosenberg recommended unreasonable securities and had misrepresented investment info.  Here is more about the disputes that investors' brought about him:

Eric Rosenberg Allegedly Gives Bad Advice To Oppenheimer Client

Evidently, a client of Oppenheimer contested Eric Rosenberg’s actions from 2016 to 2019 in a complaint dated June 17, 2019. Allegedly, Rosenberg gave the client bad advice about Ohio State Air Quality Development Authority debt securities which he sold. It seems that Rosenberg failed to consider the client's risk tolerance or some other aspect of the client’s investment profile. Not only that, but Rosenberg allegedly misrepresented facts relating to investments that the client held from 2016 to 2019. Consequently, the client demanded compensation from Oppenheimer or Rosenberg in the amount of $157,466.25. Evidently, this compliant was withdrawn on June 17, 2019.

Oppenheimer Client Indicates That Rosenberg Made Unauthorized Bond Purchase

Apparently, on April 5, 2016, an Oppenheimer client brought a formal dispute in reference to Eric Rosenberg. Mainly, the client contended that Rosenberg bought Transocean corporate bonds without the client’s permission. Allegedly, the securities broker also made inappropriate, unsuitable transactions. Moreover, Rosenberg allegedly misrepresented information in regard to the client’s account holdings. It appears that the client incurred losses on corporate bonds held from February 2015 to April 2016. For this reason, on April 5, 2016, Oppenheimer settled this client’s dispute by paying the client $35,285.

Eric Rosenberg Allegedly Deceives JB Hanauer Co. Client

Notably, a client of JB Hanauer Co. contested Eric Rosenberg’s securities recommendations or sales through bringing FINRA Arbitration #: 09-04905. First of all, Rosenberg allegedly traded without authorization. Secondly, the securities broker seemingly failed to comply with written contracts and had deceived the client through hiding information about investments. Moreover, the client alleged that Rosenberg  negligently recommended or sold corporate bonds and had caused the client to incur losses. As a result, JB Hanauer Co. agreed to resolve the matter on July 21, 2010 through paying the client a total of $35,000.

Did Oppenheimer Securities Broker Rosenberg Sell You Bad Investments?

Have you experienced losses by investing with Eric Rosenberg? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of securities firms and brokers like Rosenberg.