Financial Adviser Roderick Rodriguez has 6 Disclosed Complaints

• January 24, 2026
• Osaic Wealth

Broker’s Background

 

Roderick Rodriguez (CRD #:2680445) is registered with Osaic Institutions Inc. He is based in New York, NY. Rodriguez has been previously registered with Citigroup, Essex National Securities, LPL Financial Corporation, IFMG Securities, Invest Financial Corporation, Gruntal & Co, L.L.C. and First Albany Corporation.

 

Current Allegations of Conduct Leading to Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA) in July 2025, Rodriguez solicited his client to invest in high-risk alternative investments. These investments, although presented as safe, low risk, investments providing retirement income, were speculative, and not suitable for his client’s needs.

Additionally, Rodriguez faced five additional customer disputes, including the following:

• March 2023–Allegations are overconcentration of client assets into a single illiquid investment.  The matter was settled for $14,999.
• November 2020–Client claims the rep made an unsuitable recommendation.  The matter was settled for $55,000

Three other customer complaints were denied by the brokerage firm.

For a copy of Rodriguez’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

 

Reasonable basis suitability requires that a recommended investment or investment strategy be suitable or appropriate for at least some investors. Reasonable basis suitability requires an advisor to conduct adequate due diligence so that he or she can determine the risks and rewards of the investment or investment strategy.

Quantitative suitability requires a brokerage firm or financial advisor with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions – even if suitable when viewed in isolation – is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile. No single test defines excessive activity, but factors such as the turnover rate, the cost-equity ratio, and the use of in-and-out trading in a customer’s account may provide a basis for a finding that a member or associated person has violated the quantitative suitability obligation.

 

Customer-specific suitability requires that a member or associated person have a reasonable basis to believe that the recommendation is suitable for a particular customer based on that customer’s investment profile. Among the criteria that a financial advisor must evaluate to satisfy his or her customer-specific suitability obligations include the investor’s age, tax status, time horizon, liquidity needs, and risk tolerance; a client’s other investments, financial situation and needs, investment objectives, and any other information disclosed by the customer should also be considered.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.