Mark Rosenberg: Morgan Stanley Advisor Faces $499K Complaint

Atlanta financial advisor Mark Rosenberg (CRD# 1103799) recently received an investor complaint alleging he provided investment advice that resulted in damages of nearly $500,000. Records provided by the Financial Industry Regulatory Authority show that he is currently a broker and an investment advisor with Morgan Stanley, having previously been registered with UBS Financial Services.

Mr. Rosenbergs’ BrokerCheck report discloses several investor complaints. The most recent, filed in April 2023, alleges that as a representative of Morgan Stanley, he recommended unsuitable alternative investments in hedge funds between 2020 and 2021. The pending complaint alleges damages of $499,999.99.

An earlier investor complaint, filed in 2008, concerned the sale of auction rate securities prior to the widespread illiquidity in the ARS market.The complaint settled with the firm’s repurchase of the securities at par value, for $50,000.

A third investor complaint, filed in 2008, similarly concerned the sale of auction rate securities while he was a representative of UBS Financial Services. The complaint settled with the firm’s repurchase of the securities for $675,000.

A fourth investor complaint, filed in 2008, concerned the sale of auction rate securities and settled with the products’ repurchase for $425,000.

According to the Financial Industry Regulatory Authority, Mark Rosenberg holds 40 years of securities industry experience. Based in Atlanta, Georgia, he has been a broker and an investment advisor with Morgan Stanley since 2011. His registration history includes UBS Financial Services (Atlanta, Georgia; 2000-2011), JC Bradford & Company (New York, New York; 1999-2000), CIBC World Markets (New York, New York; 1995-1999), Prudential Securities (New York, New York; 1988-1995), Bear Stearns & Company (1984-1988), and Hereth Orr & Jones (1983-1984). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds 49 state licenses. (Information current as of April 30, 2023.)

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