Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 23, 2017 indicate that former New York-based UBS Financial Services broker/adviser James Rose has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Rose (CRD #4842996).
James Rose has spent nine years in the securities industry and was most recently registered with UBS Financial Services in New York, New York (2005-2015). He has no previous registrations. He has passed two securities industry examinations: Series 66 (Uniform Combined State Law Examination) and Series 7 (General Securities Representative Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, James Rose has been sanctioned by FINRA and was discharged from a former employer.
In February 2017 FINRA sanctioned him Following allegations he participated in six outside business activities without seeking approval from or notifying his member firm. FINRA’s findings state further: “Rose formed and/or served as an active member of six companies that managed family assets, such as real estate, while associated with his firm, but failed to disclose these OBAs to his firm. The findings also stated while associated with his firm, Rose invested $200,000 of his own funds in a start-up software applications limited liability company. In exchange for his investment, Rose became a member of the limited liability company. Rose is not an officer, director or employee of the company. Rose’s investment constituted an investment contract, and was, therefore, a private securities transaction. Rose did not provide written notice to, or receive prior written approval from, his firm before making the investment. The findings also included that Rose, while associated with his firm, failed to disclose to his firm that he had either a financial interest or maintained trading authority in 15 accounts held away from the firm.” He was issued a 6-month suspension and a fine of $25,000.
In 2015 he was terminated from his position at UBS Financial Services following allegations that “without the knowledge or approval of management, he maintained and traded in multiple brokerage accounts for himself and his family at other financial institutions and invested in multiple outside private investments, including private family investments.”
If you or someone you know has complaints regarding James Rose, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.