Robert Rose Allegedly Recommended Unsuitable Investments

Robert Rose (CRD #: 2874342), a broker registered with Wells Fargo Clearing Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 17, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On August 12, 2024, investors alleged that Robert Rose recommended unsuitable investments. 

This is the second investor dispute on his record. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider 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

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Background Information 

Robert Rose has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 
• Series 52 Municipal Securities Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 

He is a registered broker in 27 states and is a registered investment adviser in Florida and Texas. 

During his 27 years of experience, Robert Rose has registered with four firms: 

• Wells Fargo Clearing Services (CRD #: 19616) 
• Banc of America Investment Services (CRD #: 16361) 
• UBS Financial Services (CRD #: 8174) 
• H&R Block Financial Advisors (CRD #: 5979) 

Kurta Law Can Help 

If you worked with Robert Rose and you 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.