Theodore Rothman Banned by SEC
A financial advisor for more than 40 years based in Southampton, Pennsylvania, Rothman was employed most recently at Rothman Securities, Inc. and First Allied Securities, Inc. Rothman also sold insurance through Aviso Financial. According to Rothman’s BrokerCheck report, Theodore Rothman was the subject of multiple customer disputes, including over unsuitable investments and lack of supervision, before being disbarred and fined by the SEC in 2014/15.
David Rothman Banned by FINRA
The reason for Theodore Rothman’s ban from certain activities within the securities industry involves his failure to supervise his son, David Rothman’s investment activities an employee of Rothman Securities, Inc in Philadelphia, Pennsylvania and Southampton, Pennsylvania. According to his BrokerCheck report, David Rothman has also been permanently banned from acting as a broker or financial advisor. Having worked in the securities industry for almost 30 years, David Rothman accumulated numerous customer complaints and was convicted and imprisoned for money laundering in 2013 by the Eastern District Court of Pennsylvania.
Pennsylvania Securities Litigation Law Firm
Our law firm is currently investigating Theodore and David Rothman along with their brokerage firms, Rothman Securities and First Allied Securities. If you or someone you know has invested with the Rothmans, please contact us immediately at 1-855-462-3330 or by using our online contact form.