National Securities Corporation Stockbroker Ronald Rothchild

Ronald Harris Rothchild (CRD #4491932) is a registered broker and investment advisor currently employed with National Securities Corporation (CRD #7569 of Melville, NY.) His previous employers include Raymond James Financial Services, Inc. (CRD #6694) of Garden City, NY, Wells Fargo Advisors, LLC (CRD #19616) of Melville, NY, and David Lerner Associates, Inc. (CRD #5397) of Syosett, NY. He has been in the industry since 2002.

Rothchild is the subject of eight disclosures, the most recent of which was a customer dispute filed on 7/30/2018. In it, the client alleges “breach of contract, negligence, unsuitability, breach of fiduciary duty.”  Damages requested are $100,000. This case is listed as “pending.”

Two previous customer disputes have been settled. The first, filed on 3/28/2018, alleges that from 7/26/2011 through 4/11/2016, Rothchild misrepresented certain investments that were unsuitable for her objectives. The client also alleges that her risk tolerance and investment objectives were incorrectly documented on her updated account paperwork.  This customer requested damages of $149,236.86, and the case was settled for $75,000.

The next dispute was filed on 12/19/2016, and alleges “negligence, breach of fiduciary duty, breach of contract, material misrepresentations, omissions and failure to supervise.”  The client requested damages of $170,000, and the firm settled without any input from Rothchild for $40,000. Rothchild denies the allegations.

Rothchild was discharged by the firm Raymond James Financial Services, with two entries from the firm on 4/8/2016. In both entries, the firm states the Rothchild was discharged for allegations “that FA engaged in unauthorized trading exercising de facto control over the clients’ accounts, that the investments purchased were unsuitable and that FA made inappropriate assurances regarding the level of income the clients could expect to receive.”

One day before his dismissal (4/7/2016) a customer filed a dispute alleging “engaged in unauthorized trading exercising de facto control over the clients’ accounts, that the investments purchased were unsuitable and that Rothchild made inappropriate assurances regarding the level of income the clients could expect to receive.”  The clients requested damages of $100,000, and the firm settled for $132,000. Rothchild denies the allegations and was not involved in the settlement.

Rothchild also has two financial disclosures, both of which have been settled. The first one was filed on 9/14/2009, with no additional information available. The second on 1/28/2011, Rothchild explained that it was for a “vacation home purchased Florida real estate collapsed and compromise with mortgage holders was reached.”

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