Raymond DesRosiers Allegedly Made Material Misstatements

Raymond DesRosiers (CRD #: 4621826), a broker registered with Eagle Point Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 16, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On December 11, 2023, investors alleged that Raymond DesRosiers omitted material facts, made material misstatements, breached his fiduciary duty, and engaged in negligence. The investor is seeking $250,000. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Fiduciary Duties

A fiduciary duty is a duty to work in a client’s best interest. Brokers are not fiduciaries, but they must follow the rules set forth by FINRA Rule 2111 and Regulation Best Interest. Registered Investment Advisers (RIAs) are fiduciaries, and brokers are often dually registered as RIAs.  (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Background Information 

Raymond DesRosiers has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in twelve states.

During his 20 years of experience, Raymond DesRosiers has registered with eight firms. These are the four most recent: 

• Eagle Point Securities (CRD #: 324528) 
• Wealthforge Securities (CRD #: 152550) 
• Emerson Equity (CRD #: 130032) 
• Provasi Capital Partners (CRD #: 119539) 

Kurta Law Can Help 

If you have worked with Raymond DesRosiers and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.