The securities and investment fraud law firm Fitapelli Kurta is interested in hearing form investors who have complaints pertaining to Florida-based UBS broker/adviser Rosario “Ross” Cammarata (CRD# 2510256).
Rosario “Ross” Cammarata has spent twenty years in the securities industry and has been registered with UBS Financial Services in Fort Lauderdale, Florida since 2011. Previous registrations include Raymond James & Associates in Fort Lauderdale, Florida (2006-2011); Janney Montgomery Scott in Fort Lauderdale, Florida (2000-2006); and Gruntal & Company (1995-2000). He is a registered broker and investment adviser in 24 US states and territories.
According to his BrokerCheck report, Rosario “Ross” Cammarata is the subject of one customer complaint and one pending customer complaint.
In 2015 a customer alleged Rosario “Ross” Cammarata, while employed at UBS Financial Services, over-concentrated the account, engaged in an unsuitable investment strategy, and exercised discretion in connection to investments in precious metals exploration, mining stocks, and exchange traded funds. The customer is seeking more than $807,200 in damages in the pending complaint.
In 2000 a customer alleged Rosario “Ross” Cammarata, while employed at Gruntal & Company, breached his fiduciary duty, churned the account, committed fraud, and made unsuitable and unauthorized transactions. The complaint settled in 2002 for $39,000.
FINRA rules as well as federal securities law stipulate that brokers like Rosario “Ross” Cammarata may recommend only investments that are suitable for their customers. This means financial professionals must consider the client’s age, investment goals, investment experience, risk tolerance, net worth, and many other factors. They may not misrepresent or omit material facts related to an investment, as misrepresentations or omissions might lead a client to invest unsuitably. Though they are not expressly forbidden from concentrating customer accounts in a single investment or type of investment, they may be found liable if an over-concentrated investment declines in value. Brokers and investment advisers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Rosario “Ross” Cammarata, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to collect your losses. All cases are taken on a contingency basis, which means Fitapelli Kurta only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.