Former Royal Alliance Advisor Arthur Grossbard Subject of Recent Complaint

WEST ORANGE, NEW JERSEY

Are you a current or former client of financial advisor Arthur Grossbard from West Orange, New Jersey? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made by former customers of Arthur Grossbard, who worked with Royal Alliance from 1992 to June 2020 and was with Ameriprise Financial Services Services from June 2020 to the present.

According to Grossbard’s BrokerCheck report, a customer complaint was filed in FINRA arbitration in March 2023 against Royal Alliance.  The complaint alleges that Grossbard recommended an unsuitable investment in a BDC or business development company.  The business development company allegedly lost $101,001.  He has been the subject of two other customer complaints, made in 2020 and 2021 respectively.

Arthur Grossbard works in an West Orange, New Jersey office.  He now works for Ameriprise Financial Services.

Brokerage firms in the securities industry like Ameriprise and Royal Alliance must reasonably supervise their advisors.  If the firms fail to do so, they could be liable for investment losses.

Israels & Neuman has recovered millions of dollars for investors who lost money in bad investments.  Our investment fraud law firm represents investors in all 50 states, including investors in New Jersey.

View Grossbard, a BrokerCheck 4.20.23

If you lost money with Arthur Grossbard or Royal Alliance, please Contact Us at 206-795-5798 for a free evaluation of your case.