NSC broker Ronald Rothchild has been the subject of four customer disputes alleging he engaged in a variety of investment misconduct while he worked at Raymond James Financial Services. Two of those disputes have been settled and two are currently pending. The disputes include allegations of misrepresentations, unauthorized trading, sale of unsuitable investments, and overconcentration.
In April 2016, Rothchild was fired from Raymond James for allegations that he engaged in unauthorized trading, he purchased unsuitable investments, and he made inappropriate assurances regarding the level of income the clients could expect to receive. According to his FINRA BrokerCheck, Rothchild also had financial problems of his own, with two financial disclosures for compromises with creditors in 2009 and 2011.
Did You Lose Money While Investing with Ronald Rothchild?
There is a distinct correlation between brokers with financial difficulties and those who engage in sales practices violations, fraud, Ponzi schemes, or theft. Investment firms must be aware of their brokers’ financial problems and take affirmative steps to detect and deter illegal conduct. If they do not take reasonable steps, they can be held liable to victims who lose money as a result of the misconduct.
If you lost money while working with Ronald Rothchild, Meyer Wilson would like to hear from you. Give our office a call today at (800) 738-1960 for a consultation with one of our knowledgeable investment fraud lawyers.