Recently, the Certified Financial Planner Board of Standards (CFP Board) announced disciplinary actions against Andrew G. Rosenberg. The CFP Board issued an order permanently revoking Rosenberg’s right to use certification marks and he failed to file an answer to the Board’s Complaint within the required timeline. Mr. Rosenberg also entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) in which he was suspended for three months from the industry and fined $10,000. Mr. Rosenberg allegedly failed to disclose to investors in a security and to his firm that he was providing legal services for compensation to the issuer of the securities. The Florida Office of Financial Regulation also denied his Investment Advisor Application based on the AWC against him. Mr. Rosenberg was also accused of making multiple misrepresentations to clients, recommending and selling unsuitable investments to clients, failing to undertake reasonable investigation of financial products he recommended to clients, failed to disclose the risks of investments to clients and failed to disclose material information to clients. All of these are against securities laws. He was previously registered with NFP Securities. He was also registered with Securities America in Palm Beach Gardens, Florida from April 2009 until August 2012. Please call today if you suffered losses with Mr. Rosenberg. We may be able to bring a claim in order to recover your money on a contingency fee basis. 312-332-4200.
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