Did you lose money investing with Daniel Rozzi (CRD# 5319858)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Daniel Rozzi. If you suffered losses investing with Daniel Rozzi, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of September 23, 2020, Daniel Rozzi’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
2 Customer Dispute(s)
1 Regulatory Event(s)
See FINRA Letter of Acceptance, Waiver and Consent No. 2017056611801
1 Employment Separation After Allegations
4 Judgment(s)/Lien(s)
UPDATE 9/23/2020: According to FINRA’s August 2019 Disciplinary Actions: “Daniel Robert Rozzi (CRD #5319858, Oakland, New Jersey) June 13, 2019 – An AWC was issued in which Rozzi was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Rozzi consented to the sanction and to the entry of findings that he willfully failed to amend his Form U4 to disclose a $14,789 civil judgment entered against him that remains unsatisfied. The findings stated that Rozzi falsely represented that he did not have any outstanding judgments against him in response to a FINRA personal activity questionnaire that his member firm asked him to complete, which it then submitted to FINRA in connection with a sales practice examination of the firm. The findings also stated that Rozzi submitted false written responses to FINRA about the civil judgment. (FINRA Case #2017056611801)
Current and Previous Registrations
07/16/2016 – 03/14/2018 ASHTON STEWART & CO., INC. (CRD#:112386) NEW YORK, NY
02/09/2015 – 10/16/2015 METLIFE INVESTORS DISTRIBUTION COMPANY (CRD#:107622) CHARLOTTE, NC
02/27/2014 – 01/20/2015 OPPENHEIMER & CO. INC. (CRD#:249) NEW YORK, NY
06/01/2009 – 02/28/2014 MORGAN STANLEY (CRD#:149777) NEW YORK, NY
06/11/2007 – 06/01/2009 MORGAN STANLEY & CO. INCORPORATED (CRD#:8209) NEW YORK, NY
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Daniel Rozzi and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
