Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that Broker Benjamin Rosamond (Rosamond) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Rosamond was employed by Robinhood Securities, LLC at the time of the activity. If you have been a victim of Rosamond’s alleged misconduct our firm may be able to assist you in recovering funds.
FINRA BrokerCheck shows a final customer complaint on January 14, 2025.
Without admitting or denying the findings, Rosamond consented to the sanctions and to the entry of findings that he participated in an OBA without providing prior written notice to his member firm. The findings stated that Rosamond acted as an officer of an investment club for accredited investors, organized as a limited liability company. Rosamond executed securities transactions in the company’s brokerage accounts held at other member firms. The findings also stated that Rosamond participated in private securities transactions without providing prior written notice to his firm. In total Rosamond executed over 400 trades, totally approximately $500,000 in principal value. Rosamond did not receive compensation for the transactions.
