ALLEN ROBERT ROSENBERG is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 1 LIBERTY PLACE, 1650 MARKET STREET, PHILADELPHIA, PA, 19103.
ALLEN ROBERT ROSENBERG has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
ALLEN ROBERT ROSENBERG has 5 Disclosure Event(s).
Date: August 30, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT FA RECOMMENDED "EXCESSIVE PURCHASES OF AMT BONDS" THAT TRIGGERED "LARGE TAX LIABILITIES" AND THAT FA RECOMMENDED INVESTMENT IN SECURITIES FROM THE FINANCE SECTOR THAT RESULTED IN "SIGNIFICANT LOSSES." DAMAGES NOT SPECIFIED BUT BELIEVED TO EXCEED $5,000. ACTIVITY DATE IS 10/5/06 TO 8/29/08.
Date: March 02, 2009 Category: Customer Dispute Allegations: CLAIMANT, NEW JERSEY RESIDENT, IS ALLEGING CLAIMS OF FRAUD, BREACH OF FIDUCIARY DUTY, NEGLIGENCE AND BREACH OF CONTRACT AGAINST FORMER FA FOR INVESTMENTS MADE IN CLAIMANT'S ACCOUNTS THAT LED TO SUBSTANTIAL LOSSES TO HIS RETIREMENT SAVINGS. CLAIMANT SEEKS COMPENSATORY DAMAGES OF $240,000, PLUS PUNITIVE DAMAGES IN THE AMOUNT OF $720,000, INTEREST, COSTS AND ATTORNEYS' FEES. (2008) Damage Amount Requested: $240,000.00 Settlement Amount: $37,500.00 Broker Comment: THE CASE SETTLED FOR $37,500.00. RESPONDENTS DENIED ALL ALLEGATIONS OF WRONGDOING AND SETTLED IN THE INTEREST OF AVOIDING THE TIME, COSTS AND UNCERTAINTY OF ARBITRATION.
Date: February 09, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGES UNAUTHORIZED PURCHASE. DAMAGES ARE NOT SPECIFIED BUT ARE BELIEVED TO EXCEED $5,000.(02/05/2008)
Date: April 14, 1999 Category: Customer Dispute Allegations: CLIENT CLAIMS THE PURCHASE OF KELLERFINANCIAL IN 1996 WAS NOT SUITABLE FOR A CLIENT WITH LOW RISKTOLERANCE. CLIENT DEMANDS RETURN OF $50,000 INVESTMENT PLUS 9%INTEREST. EMPLOYING FIRM AT THE TIME OF THE PURCHASE WASAMERICAN EAGLE. Damage Amount Requested: $50,000.00 Broker Comment: ADVISED CLIENT THAT THE INVESTMENT WAS NOTPURCHASED AT WHEAT FIRST UNIONNOT PROVIDED
Date: January 20, 1996 Category: Customer Dispute Allegations: ALLEGED MISREPRESENTATION, ACCOUNTRELATED-NEGLIGENCE, CHURNING AND CLAIMING DAMAGES OF $400,000.(EMPLOYER WAS AMERICAN EAGLE INVESTMENTS, INC.) Damage Amount Requested: $400,000.00 Settlement Amount: $85,000.00 Broker Comment: WITHOUT ADMITTING OR DENING ALLEGATIONS,SETTLEMENT WAS MADE FOR $85,000.I SOLD [CUSTOMER] 100M ONONDAGA CNTY NY IDA CORP,[THIRD PARTY], THE ESCROW AGENT AND TRUSTEE STOLE THE MONEY. HEWAS FINED AND BARRED FROM THE BUSINESS.
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