Over the last 12 years, Oakes & Fosher has tried and won more FINRA arbitration cases on behalf of individual investors than any other law firm in the country.

*Past results do not guarantee a similar outcome. The choice of a lawyer is an important decision and should not be based alone on prior results.

UBS Financial’s Yield Enhancement Strategy

The law firm of Oakes & Fosher is currently investigating the possible negligence and/or misconduct by securities broker Philip Rosensweig. According to his publicly available FINRA BrokerCheck report, Philip Rosensweig received multiple customer complaints over the course of his career.

Philip Rosensweig is currently operating as a Florida based securities broker. He has worked in the securities industry for thirty-five years. During his career, he has been registered with fourteen different securities firms.

His Registrations

  • Liss Tenner & Goldberg Securities Corporation (1983-1984)
  • J.B. Hanauer & Co. (1984)
  • Prudential-Bache Securities (1984-1989)
  • Smith Barney, Harris Upham & Co. (1989-1992)
  • Dean Witter Reynolds Inc. (1992-1999)
  • Raymond James (1999-2000)
  • Cantella & Co. (2000-2003)
  • Gunnallen Financial (2004-2010)
  • R.F. Lafferty & Co. (2010)
  • Dawson James Securities (2010-2012)
  • Maxim Group (2012)
  • International Assets Advisory (2012-2013)
  • Laidlaw & Company (2013-2015)
  • Westpark Capital (2015-Present)

The Allegations

  • In January 1995, a customer alleged that Philip Rosensweig recommended unsuitable investments. This case went to arbitration where the customer was awarded $52,881 in damages.
  • In July 2002, a customer alleged that Philip Rosensweig churned their account and recommended unsuitable investment recommendations.
  • In May 2003, a customer alleged that Philip Rosensweig mismanaged their account.
  • In March 2016, a customer alleged that Philip Rosensweig breached his fiduciary duty, negligently handled their account, engaged in fraud, and breached contract. This case was settled for $45,000 in damages.

What Does This Mean?

Securities brokers have what is called a fiduciary duty to act in the best interests of their customers. If a securities broker places their customer in investments contrary to their investment objectives, negligently handles their customer’s investments, or engages in fraudulent behavior with their customer’s assets, they have now breached this duty. If an investor believes that their securities broker has breached their fiduciary duty, they may be entitled to damages.

Oakes & Fosher Can Help

Many investors are still unaware of the legal recourse available to them after losing money due to securities broker negligence or fraud. Oakes & Fosher dedicates its entire legal practice to helping investors who have lost money this way across the nation. If you, or someone you know, have lost money investing with Philip Rosensweig, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.