David Rosenberg Facing a Six-Figure Dispute

David Rosenberg (CRD #: 1174021), a broker registered with Morgan Stanley, is the subject of an investor dispute, according to his BrokerCheck record, accessed on September 15, 2023. Keep reading if you have questions about his alleged conduct. 

On August 2, 2023, an investor alleged that David Rosenberg utilized an investment strategy that was not in her best interest in 2022. The investor is seeking $163,000. 

What is Regulation Best Interest? 

Regulation Best Interest expanded on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, the Conflict of Interest Obligation, and the Disclosure Obligation. These obligations and duties require brokerage firms to, among other things, research the market for investments that could offer similar benefits at a lower cost prior to making a recommendation. 

Background Information 

David Rosenberg has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 72 Government Securities Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 14 states and is a registered investment adviser in California and Texas. 

David Rosenberg has registered with the following firms: 

• Morgan Stanley (CRD #: 149777) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• Bear, Stearns & Co. (CRD #: 79) 
• Drexel Burnham Lambert Government Securities (CRD #: 19727) 

Kurta Law Can Help

If you worked with David Rosenberg and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.