jeremy seth rosen - files.brokercheck.finra.org

BrokerCheck Report

JEREMY SETH ROSEN

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 5513416

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Page(s)

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BrokerCheck offers information on all current, and many former, registered securities brokers, and all current and formerregistered securities firms. FINRA strongly encourages investors to use BrokerCheck to check the background ofsecurities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.

· What is included in a BrokerCheck report?· BrokerCheck reports for individual brokers include information such as employment history, professional

qualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheckreports for brokerage firms include information on a firm’s profile, history, and operations, as well as many of thesame disclosure events mentioned above.

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JEREMY S. ROSEN

CRD# 5513416

This broker is not currently registered.

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Customer Dispute 11

Investment Adviser RepresentativeInformation

https://www.adviserinfo.sec.gov

The information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website at



This broker has passed:

0 Principal/Supervisory Exams

3 General Industry/Product Exams

2 State Securities Law Exams

Registration History

This broker was previously registered with thefollowing securities firm(s):

NATIONWIDE PLANNING ASSOCIATES INC.CRD# 31029Easton, PA11/2019 - 01/2021

B

BERTHEL, FISHER & COMPANY FINANCIALSERVICES, INC.CRD# 13609EASTON, PA01/2016 - 11/2019

B

PLANNED FINANCIAL PROGRAMS, INC.CRD# 3049MELVILLE, NY04/2008 - 11/2015

B

www.finra.org/brokercheck User Guidance

1�2021 FINRA. All rights reserved. Report about JEREMY S. ROSEN.


https://adviserinfo.sec.gov/individual/summary/5513416

http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currently registered and licensed with, thecategory of each license, and the date on which it became effective. This section also provides, for every brokerage firm with which the broker iscurrently employed, the address of each branch where the broker works.








Industry Exams this Broker has Passed

This individual has passed 0 principal/supervisory exams, 3 general industry/product exams, and 2 state securities law exams.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

No information reported.

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 10/01/2018SIEB

General Securities Representative Examination 04/05/2010Series 7B

Investment Company Products/Variable Contracts RepresentativeExamination

04/25/2008Series 6B

Exam Category Date

State Securities Law Exams

Uniform Investment Adviser Law Examination 03/26/2016Series 65IA

Uniform Securities Agent State Law Examination 04/18/2008Series 63B

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/



Professional Designations

This section details that the representative has reported 0 professional designation(s).

No information reported.






Registration and Employment History

Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

B 11/2019 - 01/2021 NATIONWIDE PLANNING ASSOCIATES INC. 31029 Easton, PA

B 01/2016 - 11/2019 BERTHEL, FISHER & COMPANY FINANCIALSERVICES, INC.

13609 EASTON, PA

B 04/2008 - 11/2015 PLANNED FINANCIAL PROGRAMS, INC. 3049 MELVILLE, NY

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

06/2006 - Present SELF CONSULTING N NEW YORK, NY, UnitedStates

01/2016 - 11/2019 BERTHEL FISHER & COMPANYFINANCIAL SERVICES, INC.

REGISTEREDREPRESENTATIVE

Y EASTON, PA, United States

01/2016 - 11/2019 BFC PLANNING, INC. INVESTMENTADVISORREPRESENTATIVE

Y EASTON, PA, United States

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker is currently engaged in either asa proprietor, partner, officer, director, employee, trustee, agent or otherwise. This section does not include non-investment related activity that isexclusively charitable, civic, religious or fraternal and is recognized as tax exempt.

DUALLY REGISTERED WITH NPA ASSET MANAGEMENT (RIA) AND NATIONWIDE PLANNING ASSOCIATES INC (AFFILIATED B/D)11/14/2019






Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations,regulatory actions, employment terminations, bankruptcy filings, and criminal or civil judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules or conduct governing the

industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers, brokerage firms and

regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative

panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further informationregarding these events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain furtherinformation regarding these events.

Final On AppealPending

Customer Dispute 2 9 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report maybe blank if the information was not provided to CRD.

Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegationsof sale practice violations against the broker that resulted in a monetary settlement to the customer.

Disclosure 1 of 9

Reporting Source: Firm

Employing firm whenactivities occurred which ledto the complaint:

Allegations:

BFC Planning, Inc.

The client alleges in 2017 his accounts were over-concentrated into three publiclytraded oil and gas stocks which were unsuitable and was advised by therepresentative to continue to hold the investments as they lost value over severalyears. The client further alleges the firm failed to supervise the representative.

Product Type: Equity Listed (Common & Preferred Stock)

Alleged Damages: $989,129.00

Date Complaint Received:

Customer Complaint Information

Is this an oral complaint? No

Is this a written complaint? No

Is this an arbitration/CFTCreparation or civil litigation?

Yes

Arbitration/Reparation forumor court name and location:

AAA

Docket/Case #: 01-21-0008-8349

Filing date ofarbitration/CFTC reparationor civil litigation:

09/02/2021






Date Complaint Received: 09/02/2021

Complaint Pending? No

Status:

Status Date: 09/13/2021

Settlement Amount: $390,000.00

Individual ContributionAmount:

$0.00

Firm Statement The Firm, solely to compromise and settle disputed claims, agreed to settle anarbitration with the Claimant.

Settled

Disclosure 2 of 9

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Allegations:

BFC Planning, Inc.

The clients allege the trading strategy utilized from 2016-2019 was unsuitable andthat the respondents did not act in their best interest. The clients also allege thefirm failed to supervise the actions of the representative.


Alleged Damages: $1,000,000.00

Date Notice/Process Served: 12/02/2020

Arbitration Pending? No

Disposition: Settled

Disposition Date: 12/22/2020

Monetary CompensationAmount:

$225,000.00

Arbitration Information


$0.00

Arbitration/CFTC reparationclaim filed with (FINRA, AAA,CFTC, etc.):

AAA

Docket/Case #: 01-20-0015-5058






Firm Statement The Firm, solely to compromise and settle disputed claims, agreed to settle anarbitration with the Claimants.


$0.00

Disclosure 3 of 9

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Allegations:

BFC Planning, Inc.

The clients allege the investment strategy utilized in their accounts from 2016-2019was unsuitable and that false representations were made to them. The clients alsoallege the firm failed to supervise the activities of the representative.








$44,400.00




$0.00


AAA

Docket/Case #: 01-20-0005-4235

iReporting Source: Broker







Allegations:

BFC Planning, Inc.

The clients allege the investment strategy utilized in their accounts from 2016-2019was unsuitable and that false representations were made to them. The clients alsoallege the firm failed to supervise the activities of the representative.




Arbitration Pending? Yes



AAA

Docket/Case #: 01-20-0005-4235

Disclosure 4 of 9

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Allegations:

BFC Planning, Inc.

The clients allege the trading strategy utilized from 2016-2019 was unsuitable andthat false representations were made to them. The clients also allege the firmfailed to supervise the actions of the representative.







AAA

Docket/Case #: 01-20-0005-480










$680,000.00



$0.00



Allegations:

BFC Planning, Inc.

The clients allege the trading strategy utilized from 2016-2019 was unsuitable andthat false representations were made to them. The clients also allege the firmfailed to supervise the actions of the representative.







AAA

Docket/Case #: 01-20-0005-480

Disclosure 5 of 9

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Allegations:

BFC Planning, Inc.

The clients allege the trading strategy utilized in their advisory account in 2016-2019 were unsuitable and that false representations were made to them. Theclients also allege the firm failed to supervise the activities of the representative.






The clients allege the trading strategy utilized in their advisory account in 2016-2019 were unsuitable and that false representations were made to them. Theclients also allege the firm failed to supervise the activities of the representative.





Status:




$0.00

Firm Statement On 12/31/2020 this matter was partially settled for $115,000.00. The matter hasbeen settled with the remaining claimant. The Firm, solely to compromise andsettle disputed claims, agreed to settle an arbitration with the Claimants.


Settled




Yes


FINRA

Docket/Case #: 20-01460


05/08/2020



Allegations:

BFC Planning, Inc.

The clients allege the trading strategy utilized in their advisory account in 2016-2019 were unsuitable and that falserepresentations were made to them. The clients also allege the firm failed tosupervise the activities of therepresentative.






The clients allege the trading strategy utilized in their advisory account in 2016-2019 were unsuitable and that falserepresentations were made to them. The clients also allege the firm failed tosupervise the activities of therepresentative.




Complaint Pending? Yes

Settlement Amount:






Yes


FINRA



05/08/2020

Disclosure 6 of 9

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Allegations:

BFC Planning, Inc.

The clients allege the trading strategy utilized from 2016-2019 was unsuitable andthat false representations were made to them. The clients also allege the firmfailed to supervise the activities of the representative.


Alleged Damages: $0.00

Alleged Damages AmountExplanation (if amount notexact):











$955,501.00




$0.00


The clients allege the damages are between 3,000,000.00 and 6,000,000.00.


AAA

Docket/Case #: 01-20-0004-8805



Allegations:

BFC Planning, Inc.

The clients allege the trading strategy utilized from 2016-2019 was unsuitable andthat false representations were made to them. The clients also allege the firmfailed to supervise the activities of the representative.





The clients allege the damages are between 3,000,000.00 and 6,000,000.00.


AAA









AAA

Docket/Case #: 01-20-0004-8805

Disclosure 7 of 9

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Allegations:

BFC Planning, Inc.

The clients allege the investments they made in 2016 through 2019 wereunsuitable and misrepresented to them by the representative. The clients alsoallege the firm failed to supervise the actions of the representative.

Product Type: Debt-CorporateEquity Listed (Common & Preferred Stock)







$339,300.00



$0.00


The firm has made a good faith determination that the damages from the allegedconduct would be more than $5,000.00.


AAA

Docket/Case #: 01-20-0001-6101








$0.00



Allegations:

BFC Planning, Inc.

The clients allege the investments they made in 2016 through 2019 wereunsuitable and misrepresented to them by the representative. The clients alsoallege the firm failed to supervise the actions of the representative.







The firm has made a good faith determination that the damages from the allegedconduct would be more than $5,000.00.


AAA

Docket/Case #: 01-20-0001-6101

Disclosure 8 of 9

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Allegations:

BFC Planning, Inc.

The clients allege that the investments they purchased between 2016-2019unsuitable and misrepresented by the representative. They also allege the firmfailed to supervise the actions of the representative.

Equity Listed (Common & Preferred Stock)16�2021 FINRA. All rights reserved. Report about JEREMY S. ROSEN.









Status:


Settlement Amount:







$201,600.00

Firm Statement The firm previously reported this matter on the representative's U4. The Firm,solely to compromise and settle disputed claims, agreed to settle an arbitrationwith the Claimants.




$0.00

Evolved into Arbitration/CFTC reparation (the individual is a named party)


The clients allege the damages are greater than $750,000.00.


Is this a written complaint? Yes


No


FINRA







Firm Statement The firm previously reported this matter on the representative's U4. The Firm,solely to compromise and settle disputed claims, agreed to settle an arbitrationwith the Claimants.



Allegations:

BFC Planning, Inc.

The clients allege that between 2016-2019 the advisor invested their advisoryaccounts recklessly which has jeopardized their family's future.




Complaint Pending? Yes

Settlement Amount:


Broker Statement Advisor denies the allegations and was in regular contact with the clients regardingtheir investments.



The firm believes the damages would be over $5,000.00.




No

Disclosure 9 of 9

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Allegations:

BFC Planning, Inc.






Allegations: The client is alleging that between 2016-2019 she was a conservative investor andthat the investment strategy used by her adviser was not conservative.





Status:




$0.00

Firm Statement The Firm, solely to compromise and settle disputed claims, agreed to settle acompliant with the client.


Settled


The firm believes the damages would be over $5,000.00.




No



Allegations:

BFC Planning, Inc.

The client is alleging that between 2016-2019 she was a conservative investor andthat the investment strategy used by her advisor was not conservative.











Status:




$0.00

Broker Statement The Firm, solely to compromise and settle disputed claims, agreed to settle acompliant with the client.


Settled


The firm believe the damages would be over $5,000.00.




No






Customer Dispute - Pending

This type of disclosure event involves (1) a pending consumer-initiated, investment-related arbitration or civil suit that contains allegations of salespractice violations against the broker; or (2) a pending, consumer-initiated, investment-related written complaint containing allegations that thebroker engaged in, sales practice violations resulting in compensatory damages of at least $5,000, forgery, theft, or misappropriation, orconversion of funds or securities.

Disclosure 1 of 2



Allegations:

BFC Planning, Inc., Financial Planning Analysts, LLC; Planned FinancialPrograms, Inc.; NPA Asset Management, LLC; Nationwide Planning Associates,Inc.; Fidelity Brokerage Services, LLC

The client alleges the investments made from 2013-2019 were unsuitable andmisrepresented by the representative. The client also alleges the firm failed tosupervise the activities of the representative.







FINRA


Disclosure 2 of 2

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Reporting Source: Broker


Allegations:

BFC Planning, Inc.

The clients allege that the investments they purchased between 2016-2019unsuitable and misrepresented by the representative. They also allege the firmfailed to supervise the actions of the representative.












Status:


Settlement Amount:




Broker Statement The firm previously reported this matter on the representative's U4.



Evolved into Arbitration/CFTC reparation (the individual is a named party)






No


FINRA







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