Investors Sue IAA For Breach Of Fiduciary Duty
Brian Robert Roth of Chester New Jersey a stockbroker formerly employed by Brian Robert Roth has been identified in a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages founded on accusations that a fiduciary duty that was owed to the customer had been breached by Roth when he was employed by International Assets Advisory. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01172 (June 1, 2020).
According to the claim, the customer’s account had been negligently supervised. The claim also alleges the violation of contractual obligations and FINRA rules in regard to direct participation program interests or limited partnership interests that had been sold or recommended by Roth.
Roth has been identified in two additional customer initiated investment related disputes concerning accusations of his misconduct when he was employed by securities broker dealers including John Thomas Financial. FINRA Public Disclosure reveals that Roth is the subject of a customer initiated investment related arbitration claim which was resolved for $85,000.00 in damages based upon accusations that the customer’s account was churned and that unauthorized over-the-counter equities and common and preferred stock transactions had been effected in the customer’s John Thomas account by Roth.
Another customer initiated investment related arbitration claim involving Roth’s conduct was settled for $125,000.00 in damages based upon allegations that misrepresentations had been made to the customer by Roth in regard to stock trades he effected in the customer’s account. The claim alleges that trades were executed by Roth on an excessive and unauthorized basis.
Roth has also been suspended from associating with any FINRA member in any capacity based on allegations that he failed to comply with a customer initiated investment related arbitration claim. Case No. 13-00041 (Sept. 14, 2018).
Roth’s registration with International Assets Advisory was terminated on August 22, 2018. He was employed by The Benchmark Company LLC between July 26, 2018 and October 23, 2018 and Aeon Capital Inc. between October 17, 2018 and December 18, 2018. Since December 19, 2018, Roth has been employed by Newbridge Securities Corporation.