Robert Ginsberg Targeted In Suitability Disputes

Broker Robert Ginsberg Might Have Recommended Bad Alternative Investments

The Financial Industry Regulatory Authority (“FINRA”) reports troubling information in regard to securities broker Robert “Bob” Scott Ginsberg (CRD#: 5177531, Wallingford, Connecticut). Notably, the securities broker, who worked for Investors Capital Corp (2008 to 2016) and Woodbury Financial Services (2016 to present), is involved in at least four investor disputes. Here’s more.

Investors Capital Corp Client Indicates That Robert Ginsberg Provided Bad Advice

First of all, in August 2020, a client of both Investors Capital Corp and Woodbury Financial Services filed a lawsuit about Robert Ginsberg. Notably, the client indicated that the broker provided unsuitable investment recommendations. It appears that the client purchased annuities, REITs and other alternative investments because of the broker. For damages allegedly sustained on these purchases, the client seeks compensation. This matter is unresolved at this time.

Client Of Cetera Advisors Suggests That Ginsberg Pushed Unsuitable BDCs, REITs

Evidently, an Investors Capital Corp and Cetera Advisors client took aim at Robert Ginsberg. Particularly, in this February 2019 FINRA Arbitration Claim, the client alleged unsuitability on various alternative investment transactions. It is possible that the client lost money because of following Ginsberg’s advice. For this reason, they asked the securities firm to pay $500,000. This matter awaits a resolution.

Woodbury Financial Services Client Alleges Improper REITs In Lawsuit About Robert Ginsberg

Notably, a third investor sued over Robert Ginsberg’s sales practices. In this January 2018 FINRA Arbitration Claim, the client alleged that Ginsberg had them invest in REITs and in oil and gas securities. Those investments seemingly did not fit with the client’s needs, risk tolerance or other suitability criteria. For this reason, the client demanded $1,000,000.00. This matter is ongoing.

Losses From Investing In Alternative Investments Through Ginsberg?

Apparently, Robert Ginsberg denies allegations of his sales practice violations. Have you experienced losses by investing with him? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have experienced losses because of their securities brokers and financial advisors.