Scott Roslonowski Allegedly Recommended Unsuitable REIT and Other Investments
Scott Roslonowski (CRD #: 4795893), a broker registered with Ameriprise Financial Services, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on May 18, 2023. Read on if you have questions about his alleged conduct as a broker.
On March 30, 2023, several investors alleged that Scott Roslonowski recommended unsuitable investments, including a real estate investment trust (REIT), variable annuity, and a life insurance policy.
The clients further alleged that some of these investments led to unnecessary taxable events. This dispute is currently pending.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must use the information in an investor’s profile, such as their age, risk tolerance, and tax status when making recommendations.
Investors who rely on brokers for recommendations may be able to recoup their losses by seeking out FINRA arbitration.
What is a Real Estate Investment Trust?
A real estate investment trust (REIT) allows investors to generate returns from a real estate portfolio without taking on the cost and responsibility of managing the properties. REITs tend to be illiquid, making them unsuitable for many investors.
What are Variable Annuities?
Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.
On December 6, 2021, Scott Roslonowski incurred a $499 tax lien.
Scott Roslonowski 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 31 – Futures Managed Funds Examination
- Series 7 – General Securities Representative Examination
Scott Roslonowski is a registered broker in 19 states and a registered investment adviser in California, Connecticut, Florida, Nevada, and Texas.
He has also worked for the following firms:
- Ameriprise Advisor Services (CRD#:5979)
- Morgan Stanley & Company (CRD#:8209)
- Morgan Stanley (CRD#:7556)
Kurta Law Can Help
If you worked with Scott Roslonowski and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.