Saul Rothberger: Avantax Advisor Receives Suitability Complaint

A recent investor complaint against Brooklyn financial advisor Saul Rothberger (CRD# 2914820) alleges that his investment advice resulted in losses. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with Avantax Investment Services and Avantax Advisory Services, respectively.

Mr. Rothberger’s BrokerCheck report discloses one investor complaint. Filed in November 2022, it alleges that as a representative of Avantax Investment Services, he “utilized an unsuitable investment strategy” involving common and preferred stock products. (More information about FINRA Rule 2111, which requires brokers to recommend investment products and strategies that are suitable for an investor’s background and objectives, is available here.) The pending complaint alleges unspecified damages.

According to the Financial Industry Regulatory Authority, Saul Rothberger holds 22 years of securities industry experience. Based in Brooklyn, New York, he has been a broker with Avantax Investment Services since 2005 and an investment advisor with Avantax Advisory Services since 2021. His registration history includes Bishop Rosen & Company (New York, New York; 2003), Janney Montgomery Scott (Philadelphia, Pennsylvania; 1999-2003), MetLife Securities (Springfield, Massachusetts; 1997-1998), and Metropolitan Life Insurance Company (New York, New York; 1997-1998). His credentials include the passage of four securities industry qualifying examinations: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; 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 is licensed in Florida, New Jersey, and New York. (Information current as of January 8, 2023.)

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