The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Daniel Rozzi. According to his publicly available FINRA BrokerCheck report, Daniel Rozzi has been the subject of multiple customer disputes.
Daniel Rozzi was a previously registered securities broker. He worked in the securities industry for nine years. During his career, he was registered with four different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Morgan Stanley (2007-2014)
- Oppenheimer (2014-2015)
- MetLife Investors Distribution Company (2015)
- Ashton Stewart & Co. (2016-2018)
The Allegations
- In October 2008, a customer alleged that Daniel Rozzi had not executed a trade as they instructed. This case was settled for $75,000 in damages.
- In December 2013, a customer alleged that Daniel Rozzi provided her with erroneous reports summarizing the results of her trading activity during 2013. She allegedly did not receive the agreed upon commission discounts. This case was settled for $475,000 in damages.
- In January 2014, Daniel Rozzi was discharged from his position at Morgan Stanley. This was due to allegations that he was not upfront with his customer while disclosing performance summaries and trading recaps.
Misrepresentation and Omission
Omission occurs when a securities broker fails to communicate pertinent details to their customer about their investments. Misrepresentation occurs when a broker provides a customer with falsified information. They can occur through the broker’s fraudulent intent, or through the broker’s own negligence. Regardless of intent, omission and misrepresentation can be incredibly harmful to investors as it can lead to them making financial decisions based on misinformation.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Daniel Rozzi, please contact Oakes & Fosher for a free and private consultation. We handle cases on a contingency basis, which means there are no fees charged unless we collect for you.
