There are options for clients of Cetera Advisor Networks LLC broker Allan Rosen (CRD# 1146570) who suffered investment losses. He has been registered with Cetera Wealth Services, LLC in Scottsdale, Arizona, since 2007, and Cetera Investment Advisers LLC in Scottsdale, Arizona, since 2023. He was registered with Cetera Advisor Networks LLC in El Segundo, California, from 2009 to 2023, Associated Securities Corp. in Phoenix, Arizona, from 2004 to 2007, Archon Securities, LLC in Phoenix, Arizona, from 1999 to 2005, United Planners’ Financial Services Of America A Limited Partner in Scottsdale, Arizona, from 1999 to 2004, SunAmerica Securities, Inc. in Phoenix, Arizona, from 1992 to 1999, Anchor National Financial Services, Inc. from 1987 to 1992, and Boardwalk Capital Corporation from 1984 to 1987, when he was terminated for selling away.
Allan Rosen Customer Complaints
He has been the subject of five customer complaints between 1992 and 2024, one of which was closed without action and one was denied, according to his CRD report. The most recent complaint was regarding:
MONTHDAY. “Claimants allege that respondents should have blocked the duly authorized power of attorney/daughter of the deceased client from making excessive transfers to her mother’s like registered bank accounts from which the POA took alleged excessive withdrawals, including withdrawals for her mother’s health care.” The customer is seeking $904,030 in damages, and the case is currently pending. The complaint took place while he was registered with Cetera Advisor Networks LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cetera Advisor Networks LLC may be liable for investment or other losses suffered by Allan Rosen’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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