The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Edward Rosenblatt. According to his publicly available FINRA BrokerCheck report, Edward Rosenblatt has been the subject of multiple customer disputes over the course of his career.

Edward Rosenblatt is a California based securities broker. He has worked in the securities industry for twenty-four years. He has spent his entire career registered with just Cetera Advisor Networks.

The Allegations

  • In August 2004, a customer alleged that Edward Rosenblatt recommended unsuitable investments. This case was settled $150,000 in damages.
  • In October 2008, a customer alleged that Edward Rosenblatt poorly managed his accounts and made unauthorized trades. This case was settled for $14,999 in damages.
  • In June 2017, a customer alleged that the product he had purchased had been misrepresented to him by Edward Rosenblatt. This case was settled for $33,777 in damages.

Misrepresentation

Misrepresentation occurs when a securities broker provides a customer with falsified information. This can be done either through the broker’s fraudulent intent or through their own negligence. Regardless of intent, misrepresentation can be detrimental to investors and the perpetrating brokers need to be held responsible. The reason misrepresentation is so harmful to investors is because it can lead to them becoming invested in securities they would not have purchased had they known the information about it accurately.

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 Edward Rosenblatt, please contact Oakes & Fosher for a free and private consultation.