Were you the victim of former Skystone Securities, LLC broker Rosser Newton (CRD# 2616702)? He has been registered with Skystone Securities, LLC in Dallas, Texas, from 2004 to 2025.
Rosser Newton Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2025. “Claimant’s financial advisor, Stephen Glover Parks (“Parks”), recommended a wholly unsuitable investment strategy to the Claimant. Specifically, Claimant was solicited to invest in two speculative, alternative investments which were unsuitable for him, but which generated substantial revenue for Respondents. These conflicted recommendations were wholly unsuitable for Claimant, were misrepresented to Claimant, and Respondents failed to conduct appropriate due diligence prior to selling at least one of them. As a result of these recommendations, Claimant lost substantial funds which cannot be recovered outside of this arbitration.” The customer is seeking $5,000,000 in damages, and the case is currently pending. Thecomplaint was regarding private placement losses, and it took place while he was registered with Skystone Securities, 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, Skystone Securities, LLC may be liable for investment or other losses suffered by Rosser Newton’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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