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Arthur Grossbard Of Ameriprise Financial Services, LLC And Formerly with Royal Alliance Associates, Inc. Has 2 Customer Complaints for Alleged Broker Misconduct in the Past 2 Years

Who is Arthur Grossbard with Ameriprise Financial Services, LLC?

Arthur Grossbard (CRD #1020971) who was recently registered with Ameriprise Financial Services, LLC and located in West Orange, New Jersey is a subject of one of our many securities industry sales practice abuse investigations.  

Prior to Ameriprise Financial Services, LLC, Arthur Grossbard was associated with Royal Alliance Associates, Inc. and 3 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

At the beginning of his career, Arthur Gross was investigated and prosecuted by the State of Vermont and FINRA F/K/A the NASD for switching mutual fund investments in clients’ accounts.  He was censured and ordered to pay restitution and disgorge commissions.

Royal Alliance Associates, Inc. Broker Misconduct

In his career, Arthur Grossbard has been the subject of 2 customer complaints that we know about, both of those complaints were filed in the last 2 years to recover investment losses. One of Arthur Grossbard’s customer complaints was settled in favor of investors and the other was denied by his former employer.

Allegations Against Arthur Grossbard  

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Claimants allege that Arthur Grossbard made unsuitable investment recommendations that his client invests in 2 private placements.
  • The claimant alleged that Arthur Grossbard made unsuitable investment recommendations related to annuity and mutual fund investments.

Arthur Grossbard Red Flags & Your Rights as An Investor

Of course, Arthur Grossbard did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Arthur Grossbardat Ameriprise Financial Services, LLC and Royal Alliance Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Arthur Grossbardhas engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints about Arthur Grossbard at Royal Alliance Associates, Inc. also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses At Ameriprise Financial Services, LLC And Royal Alliance Associates, Inc.

If you have questions about Ameriprise Financial Services, LLC, Royal Alliance Associates, Inc., and/or Arthur Grossbardand the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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