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Read MoreBrooklyn Advisor Richard Rose: Real Estate Complaint
A pending investor complaint against Arive Capital Markets financial advisor Richard Rose (CRD# 4225756) alleges damages of more than $300,000. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Brooklyn, New York.
Mr. Rose’s BrokerCheck report discloses two investor complaints. The most recent, filed in October 2022, alleges that he recommended an unsuitable real estate investment while he was a representative of JP Turner & Company. The pending complaint alleges damages of $315,000.
In a statement included in the pending complaint’s disclosure, Mr. Rose defended himself against the allegations. “The Statement of Claim represents a factually unfounded and legally misplaced attempt to challenge the suitability of two investments made eight years earlier which were authorized and directed by the customer in writing,” he wrote. “The investments in question were likewise consistent with the customer’s contractually specified financial circumstances, high risk tolerance and investment objective of speculation.”
An earlier investor complaint, filed in 2004, alleged that he made an unauthorized trade while a representative of First Hudson Financial Group. The complaint alleged damages of $11,000 and was denied by the firm.
According to the Financial Industry Regulatory Authority, Richard Rose holds 22 years of securities industry experience. Based in Brooklyn, New York, he has been a broker and an investment advisor with Arive Capital Markets since 2015. His past registrations include Alexander Capital, JP Turner & Company, Avalon Partners, First Hudson Financial Group, Gunnallen Financial, National Securities Corporation, Valley Forge Securities, and Roan-Meyers Associates. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 29 state licenses. (Information current as of October 26, 2022.)
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