LOUIS M RUSINOWITZ is currently employed as a Broker and/or Investment Adviser at COMMONWEALTH FINANCIAL NETWORK located at 1325 FRANKLIN AVENUE, SUITE 105, GARDEN CITY, NY, 11530.
LOUIS M RUSINOWITZ has worked at COMMONWEALTH FINANCIAL NETWORK since July 20, 2007
Disclosure History
LOUIS M RUSINOWITZ has 1 Disclosure Event(s).
Date: December 22, 2003 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE SECURITIES FRAUD, FRAUDULENT MISREPRESENTATION AND OMISSION, UNSUITBILITY, OVERCONCENTRATION, UNAUTHORIZED TRADING AND BREACH OF FIDUCIARY DUTY IN THE 1999 SALE AND SUBSEQUENT MANAGEMENT OF CLIENTS' MUTUAL FUNDS. Damage Amount Requested: $1,100,000.00 Settlement Amount: $212,500.00 Broker Comment: THE PARTIES AGREED TO SETTLE THE PROCEEDING TO AVOID THE INCONVENIENCE, DISTRACTIONS, AND INHERENT UNCERTAINTIES ASSOCIATED WITH ANY ARBITRATION, AND THE ADDITIONAL LEGAL FEES AND EXPENSES OF CONTINUING THE PROCEEDING, AND NO PARTY ADMITS ANY LIABILITY, WRONGDOING, MALFEASANCE, MISFEASANCE OR NEGLIGENCE. THE FIRM AND ITS REPRESENTATIVES EXPRESSLY DENY ANY VIOLATION OF ANY APPLICABLE DUTY, RULE, REGULATION, STATUTE OR COMMON LAW.
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