Lee Rosenblum Named in Dispute Alleging Unsuitable Investments

Lee Rosenblum (CRD #: 1878178), a broker registered with Osaic Wealth, was involved in an investor dispute, according to his BrokerCheck record, accessed on October 20, 2024. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On August 27, 2024, an investor filed a dispute naming Lee Rosenblum in allegations that certain purchases of fixed and variable annuities were unsuitable. This dispute was denied by the firm.

However, investors can still pursue FINRA arbitration and potentially recover damages even if a firm denies their dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles describe characteristics such as an investor’s age, investing experience, risk tolerance, and tax status.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

What are Variable Annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Lee Rosenblum has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative
• Series 24 – General Securities Principal Examination
• Series 26 – Investment Company Products/Variable Contracts Principal Examination

Lee Rosenblum is a registered broker in 29 states and the District of Columbia. He is also a registered investment adviser in Florida, New Jersey, and Texas.

He has also worked for the following firms:

• SagePoint Financial (CRD#:133763)
• LPL Financial (CRD#:6413)
• SII Investments (CRD#:2225)
• TFS Securities (CRD#:20626)
• Cadaret, Grant & Company (CRD#:10641)

Kurta Law Can Help

If you worked with Lee Rosenblum 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.