Royal Alliance Associates: 60+ Customer and Regulatory Complaints

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 4, 2019 indicate that New Jersey-based broker-dealer firm Royal Alliance Associates has received more than 60 complaints from customers and regulatory authorities. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Royal Alliance Associates (CRD# 23131). Established in Delaware in 1988, Royal Alliance Associates is headquartered in Jersey City, New Jersey and registered with 52 US states and territories. According to its BrokerCheck report, it has received 38 regulatory complaints, including one pending complaint, and 29 customer complaints that evolved into arbitration and resulted in an award to the claimant. In January 2019 the Massachusetts Securities Division named Royal Alliance Associates respondent in a complaint alleging it failed to supervise a representative’s allegedly unsuitable recommendation of a fixed annuity…

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