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Investors Allege Unsuitable Investments in Disputes with Ricardo Rose

Ricardo Rose (CRD #: 4225756), a broker registered with Arive Capital Markets, is the subject of two pending investor disputes, according to his BrokerCheck record, accessed on January 24, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Disputes

Two pending disputes, filed on November 23 and October 7, 2022, allege that Ricardo Rose recommended unsuitable investments. The clients seek a total of $465,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the investor’s profile, which contains the following investor characteristics:

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

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

Background Information

Ricardo Rose has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Ricardo Rose is a registered broker in 29 states.

He has also worked for the following firms:

  • Alexander Capital (CRD#:40077)
  • J.P. Turner & Company (CRD#:43177)
  • Avalon Partners (CRD#:41357)
  • First Hudson Financial Group (CRD#:32926)
  • GunnAllen Financial (CRD#:17609)
  • National Securities Corporation (CRD#:7569)
  • Valley Forge Securities (CRD#:20892)
  • Roan-Meyers Associates (CRD#:34171)

Kurta Law Can Help

If you worked with Ricardo Rose 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 and 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. 

 

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