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Were You The Victim of Former Laidlaw & Company (Uk) Ltd. Broker Robert Rotunno?

Posted on Friday, September 6th, 2019 at 9:27 am    

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Former Laidlaw & Company (Uk) Ltd. broker Robert Rotunno (CRD# 4025263) is accused of unsuitable investment recommendations. Rotunno has been registered with Tigress Financial Partners, LLC in New York, New York since January 2019. Rotunno was registered with National Securities Corporation in New York, New York from January 2016 to January 2019. Previously, he was registered with Laidlaw & Company (Uk) Ltd. in New York, New York from 2004 to 2016.

Rotunno has been the subject of 12 customer complaints between 2008 and 2019, according to his CRD report:

May 2019. “Client alleges unsuitability from 2007 to 2015.” The customer sought $69,000 in damages and the case was settled for $14,950. The case was regarding common and preferred stocks and private placements.

March 2019. “Suitability.” The customer is seeking $150,000 in this pending customer complaint.

December 2018. “Client alleges unsuitability and excessive trading from 2012-2016.” The customer is seeking $558,624 in this pending customer complaint. The case is regarding equity OTC, common and preferred stocks and private placements.

August 2018. “Client alleges unsuitability and excessive trading from 2008 to 2016.” The customer is seeking $228,128.47 in this pending customer complaint.

May 2017. “Client alleges unsuitability and over concentration from 2007 to 2010.” The customer sought $323,000 in damages and the case was settled for $128,750. The case was regarding private placements.

April 2017. “The client alleges unsuitability and excessive trading from 2010 to 2015.” The customer sought $572,000 in damages and the case was settled for $65,000.

July 2016. “Client alleges churning and unsuitability from January 2010 to December 2015.” The customer sought $80,000 in damages and the case was settled for $20,000. The case was regarding common and preferred stocks and equity OTC..

January 2014. “The client alleges the representative made unsuitable recommendations from 2006 to 2012.” The customer sought $800,000 in damages and the case was settled for $325,000. The case was regarding common and preferred stocks and direct investments.

September 2013. “The client asserts legal claims for violations of finra rules and industry standards, churning, breach of fiduciary duty, negligent misrepresentation, and breach of contract for activity from 2008. The firm denies these claims. The matter was settled to avoid protracted litigation and associated costs. It should also be noted that the client sustained losses for the trades that he authorized in 2008. The representative continues to deny any wrongdoing.” The customer sought $100,000 in damages and the case was settled for $39,000. The case was regarding common and preferred stocks.

January 2012. “Misrepresentation and omission, unsuitability, breach of fiduciary duty, breach of contract.” The customer sought $308,000 in damages and the case was settled for $65,000. The case was regarding private placements and equity OTC.

August 2008. “[customer] made allegations of commissions and fee activities in his account at Laidlaw & Company (UK) Ltd.” The case was settled for $80,000. The case was regarding common and preferred stocks.

April 2008. “Client through counsel has made allegations of unauthorized trading, unauthorized use of margin and unsuitability.” The customer sought $59,500 in damages and the case was settled for $22,500. The case was regarding common and preferred stocks.

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, Laidlaw & Company (Uk) Ltd. may be liable for investment or other losses suffered by Rotunno’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.