| Read Time: 2 minutes | Oppenheimer & Co Complaints | UBS Financial Services Complaints |


Luis Alberto Rosario with Oppenheimer & Co. Inc. Has 21 Customer Complaints For Alleged Broker Misconduct

Who is Luis A. Rosario with Oppenheimer & Co. Inc.?

Luis Rosario (CRD #4593449) who is currently registered with Oppenheimer & Co. Inc. and located in Fort Lauderdale, Florida is a subject of one of our many securities industry sales practice abuse investigations. Prior to Oppenheimer & Co. Inc., Luis Rosario was associated with UBS Financial Services, Inc. and two other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Oppenheimer & Co. Inc. Broker Misconduct

In his career, Luis Rosario has been the subject of 21 customer complaints that we know about to recover investment losses. Seventeen of Luis Rosario’s 21 customer complaints were settled in favor of investors. There are currently 4 pending customer complaints filed against Luis Rosario’s former employer, UBS Financial Services, Inc. for investment losses caused by his alleged misconduct.

Allegations Against Luis Rosario

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 the recommendation to invest in and hold Puerto Rico closed-end funds in Puerto Rico bonds was unsuitable and that the account was over-concentrated in those investment.
  • Claimants allege that the recommendation to invest in Puerto Rico funds and bonds was unsuitable and that the Puerto Rican investments were misrepresented.
  • Claimants allege their investments and Puerto Rico closed-end funds and unsuitable, over-concentrated and misrepresented as safe invest.
  • Claimants allege that the financial advisors recommended overly-concentrated positions in risky securities.

Luis Rosario Red Flags & Your Rights As An Investor

Of course, Luis Rosario 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 which should put all current and former customers of Luis Rosario at Oppenheimer & Co. Inc. and UBS Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Luis Rosario has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at UBS Financial Services, Inc. also raises questions about 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 Oppenheimer & Co. Inc. And UBS Financial Services, Inc.

If you have questions about Oppenheimer & Co. Inc., UBS Financial Services, Inc. and/or Luis Rosario and 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.

Author Photo

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.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars