Leo Rosner is the Subject of a Six-Figure Dispute

Leo Rosner (CRD #: 1011519), a broker registered with Cambridge Investment Research, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 5, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On January 17, 2024, an investor alleged that Leo Rosner recommended an unsuitable investment. The investors further alleged that he misrepresented the investment. They are seeking $700,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees. 

Background Information 

Leo Rosner has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 5 Interest Rate Options Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 12 states and D.C. He is also a registered investment adviser in Ohio and Texas. 

During his 42 years of experience, Leo Rosner has registered with 12 firms. These are the five most recent: 

• Cambridge Investment Research (CRD #: 39543) 
• Cambridge Investment Research Advisors (CRD #: 134139) 
• SagePoint Financial (CRD #: 133763) 
• Lincoln Financial Advisors Corporation (CRD #: 3978) 
• Linsco/Private Ledger Corp. (CRD #: 6413) 

Kurta Law Can Help 

If you have worked with Leo Rosner and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.