MARCH 2020 – New York
According to publicly available records, former Laidlaw & Company financial advisor Robert N. Rotunno discloses 2 pending and 10 prior customer disputes most of which allege the sale of unsuitable private placement investments.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
The pending customer suits involving Rotunno include:
- FINRA Case 19-614 in which a customer of National Securities Corp. seeks damages of $150,000 for unsuitable investments.
- FINRA Case 18-3992 in which a customer of Laidlaw & Co. seeks damages of $558,624 for unsuitable investments and excessive trading in private placements.
- FINRA Case 18-2628 in which a customer of Laidlaw & Co. seeks damages of $228,128 for unsuitable recommendations and excessive trading in private placements and equities.
In the prior customer disputes over $1 million was paid to Rotunno’s customers to resolve allegations of unauthorized trading, unauthorized use of margin, unsuitable recommendations and account churning.
Robert Rotunno was with Laidlaw & Company from 8/2004-2/2016 and with Tigress Financial Partners from 1/2019-12/2019. He is currently registered with Worden Capital Management.
If you have losses on private placement investments or other unsuitable investments in an account handled by Robert Rotunno, call to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900