Were you the victim of former Royal Alliance Associates, Inc. broker Gary Ginsberg (CRD# 1175258)? Ginsberg has been registered with Ameriprise Financial Services, LLC in West Orange, New Jersey since June 2020. Previously, Ginsberg was registered with Royal Alliance Associates, Inc. in West Orange, New Jersey from 2005 to 2020.
Ginsberg has been the subject of five customer complaints between 2012 and 2020, according to his CRD report. The most recent complaints are regarding:
- September 2020. “Claimant alleges royal alliance’s due diligent review of an alternative investment was unreasonable.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding real estate securities and took place while Ginsberg was registered with Royal Alliance Associates, Inc.
- August 2020. “Client alleges that the purchase of a non-traded REIT was unsuitable.” The customer is seeking $5,000 in damages and the case is currently pending. The complaint was regarding real estate securities and took place while Ginsberg was registered with Royal Alliance Associates, Inc.
- May 2019. “it is alleged that advisor “exposed claimant’s (sp) principal to unwanted (sp) and unreasonable risk.” The customer sought $151,700 in damages and the case was settled for
$12,500. The complaint was regarding real estate securities. The complaint was regarding real estate securities and took place while Ginsberg was registered with Royal Alliance Associates, Inc.
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, Royal Alliance Associates, Inc. may be liable for investment or other losses suffered by Ginsberg’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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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