Investors Sue BFC Planning For Unsuitable Trading Strategy

Jeremy Seth Rosen of Easton Pennsylvania a stockbroker formerly employed by BFC Planning Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $1,800,000.00 in damages founded on accusations that a bad investment strategy had been used for the customer’s account between 2016 and 2019. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01460 (May 8, 2020). According to the claim, misrepresentations were made to the customer concerning the trading strategy. The claim also alleges that securities transactions were not supervised by BFC Planning.

FINRA Public Disclosure indicates that Rosen has been identified in five additional customer initiated investment related disputes pertaining to allegations of his misconduct while employed by BFC Planning Inc. On February 10, 2020, a customer initiated investment related written complaint pertaining to Rosen’s conduct was settled for $110,000.00 in damages supported by allegations that the customer was inappropriately placed into an investment strategy which was unsuitable because of the risks associated with the stock and corporate-debt transactions facilitated by the stockbroker.

On July 8, 2019, a customer filed an investment related complaint in reference to Rosen’s conduct where the customer sought more than $5,000.00 in damages based upon accusations that the customer’s assets were recklessly invested by Rosen causing the customer to experience losses. Rosen is also the subject of a customer initiated investment related arbitration claim in which the customer requested $140,000.00 in damages founded on allegations of equities transactions failing to be suitable for the customer. FINRA Arbitration No. 20-00305 (Jan. 28, 2020). The claim also alleges the failure to supervise by BFC Planning between 2016 and 2019.

On March 5, 2020, another customer filed an investment related arbitration claim concerning Rosen’s activities where the customer sought unspecified damages supported by accusations of misrepresentations being made to the customer in regard to common and preferred stock and corporate debt transactions which were executed in the customer’s account between 2016 and 2019. AAA Arbitration No. 01-20-0001-6101. The claim alleges that Rosen’s trading was unsuitable and had not been monitored by the securities broker dealer.

Rosen is also the subject of a customer initiated investment related arbitration claim in which the customer requested between $3,000,000.00 and $6,000,000.00 in damages based on allegations of an unsuitable and unsupervised trading strategy being implemented in the customer’s account by Rosen. AAA Arbitration No. 01-20-0004-8805 (Apr. 13, 2020).

Rosen’s registration with BFC Planning has been terminated as of November 8, 2019. Since November 14, 2019, the stockbroker has been associated with Nationwide Planning Associates Inc. and NPA Asset Management.