FINRA Suspends Advisor Brian Robert Roth after Allegations
According to a letter of acceptance, FINRA, the securities regulator, has suspended New Jersey financial advisor Brian Robert Roth (CRD#: 4607595) from working as a broker as of April 22nd, 2025. According to the letter, in March 2017, Roth allegedly took a $250,000 loan from a customer while he was affiliated with International Assets Advisory. In March 2020, while affiliated with Newbridge Securities, Roth and the customer allegedly executed a promissory note to memorialize the 2017 loan in violation of FINRA’s rules.
This is not the first time Roth as faced regulatory sanctions. In 2018, he was reportedly suspended for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance. Roth is reportedly not currently registered as a broker, according to FINRA.
FINRA Rule 3240 Borrowing from Customers
FINRA Rule 3240 states that stockbrokers may only borrow from or lend to a customer if their firm has a policy in place allowing this type of financial arrangement. However, most brokerage firms generally prohibit the practice.
Such loans have the potential for abuse of customers, especially older investors. This action of borrowing or lending money from customers can create a conflict of interest and can also be seen as unethical. This can also cause harm to the relationship between customer and client which can then lead to legal and financial issues. Maintaining a professional relationship with customers is imperative and violating that trust tends to hard reputations of companies or small businesses.
FINRA BrokerCheck: Brian Robert Roth
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
According to his FINRA BrokerCheck report, Brian Robert Roth was reportedly registered with twelve firms during his twenty years in the securities industry. His report indicates that he has four complaints filed against him, an employment separation from Newbridge Securities in 2023, two regulatory actions and four judgment/liens. The customer complaints allegations include suitability, negligence, fraud, breach of contract, unauthorized trades, excessive trading, among others.
He was affiliated with the following firms during his career, among others:
12/19/2018 – 05/03/2023 NEWBRIDGE SECURITIES CORPORATION (CRD#:104065) MORRISTOWN, NJ
10/17/2018 – 12/18/2018 AEON CAPITAL INC (CRD#:164004) NEW YORK, NY
07/26/2018 – 10/23/2018 THE BENCHMARK COMPANY, LLC (CRD#:22982) NEW YORK, NY
06/04/2013 – 08/22/2018 INTERNATIONAL ASSETS ADVISORY, LLC (CRD#:10645) MENDHAM, NJ
Failure to Supervise
All broker-dealers have a responsibility to adequately supervise their advisors. They must ensure they have procedures and systems in place to detect broker misconduct. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
Class Action Lawsuit vs. Individual FINRA Arbitration Lawsuit
You may wonder whether a large class action lawsuit is a better litigation option than an individual FINRA arbitration case. The answer depends on many factors, but typically if the loss sustained is large (say larger than $100,000), an individual arbitration claim is likely a better option. Class action lawsuits as a recovery option are more appropriate for grouping large numbers of individuals who have small claims – too small to generally pursue individually.
Brian Robert Roth: FINRA Lawsuits
If you have suffered investment losses with Brian Robert Roth, the securities attorneys at the White Law Group may be able to help you by filing a FINRA lawsuit. Please call our offices at (888) 637-5510 for a free consultation. We take cases in all 50 states including New Jersey.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
Last modified: April 23, 2025
