Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Joseph Warner Rozof (CRD # 5274784) was recently suspended from the securities industry by FINRA’s Department of Enforcement after an investigation into unauthorized discretion.
The Law Office of Kevin J. Deloatch, Esq. is interested in speaking to investors who have complaints regarding Mr. Rozof.
Registration Background for Joseph Warner Rozof
Mr. Rozof first became registered in the securities industry in 2007. He was most recently registered with Westport, CT based Harley Capital, LLC (CRD # 310046) from March 2022 to July 2024. He was previously registered with Revere Securities (CRD # 14178) from October 2020 to March 2022 and Aegis Capital Corp (CRD # 15007) from May 2017 to September 2020.
FINRA’s Allegations Against Joseph Warner Rozof
According to the FINRA Letter of Acceptance, Waiver and Consent (AWC) dated August 29, 2025 (No. 2022073349701), Mr. Rozof consented to, without either admitting to or denying, the following findings by FINRA’s Department of Enforcement:
- “From April 2022 through May 2024, [Mr.] Rozof placed over 250 discretionary trades in the brokerage accounts of two Harley Capital customers without the written authorization required by FINRA Rule 3260(b)”;
- “From March 2022 through June 2024, [Mr.] Rozof used a personal cell phone to exchange text messages to communicate with 27 customers of Harley Capital (including the two customers in whose accounts he placed discretionary trades and two family members) about securities-related business”;
- “[Mr.] Rozof recommended the purchase and sale of securities and discussed fund transfers in customer accounts via text messages. He also used his personal cell phone to respond to and otherwise communicate with other firm employees regarding securities-related business”;
- “At all relevant times, Harley Capital’s written supervisory procedures provided that such business-related text messaging be made only through a firm-approved system that captured and stored those messages, which the firm was then able to supervise”; and
- By virtue of his actions, Mr. Rozof violated FINRA Rule 4511 regarding record keeping, and FINRA Rule 2010 regarding standards of commercial honor and principles of trade.
FINRA Suspends Joseph Warner Rozof from Securities Industry
As a result of such violations and in addition to the above-described findings and conclusions, FINRA’s August 29, 2025 AWC also indicates that Mr. Rozof consented to the following sanction(s):
- a 45-calendar day suspension from association with any FINRA member in all capacities; and
- a fine in the amount of $10,000.00.
Joseph Warner Rozof Has A Prior History of Securities Industry Customer Complaints
In addition to Mr. Rozof being suspended by FINRA from the securities industry regarding various sales practice violations, FINRA BrokerCheck for Mr. Rozof reveals that he has a prior history of customer complaints and/or customer-initiated arbitrations, including but not necessarily limited to the following:
- On September 1, 2019, a customer initiated a written complaint against Mr. Rozof regarding alleged actions that occurred while he was associated with Aegis Capital Corp. The customer alleged unsuitable investment recommendations. The customer further alleged damages in the amount of $53,455.00. On October 8, 2019, the complaint was settled in the amount of $14,500.00.
- On July 30, 2018, a customer-initiated arbitration was commenced against Mr. Rozof regarding alleged actions that occurred while he was associated with Laidlaw and Company (UK) Ltd (CRD # 119037). The customer’s allegation(s) included unsuitable investment recommendations and excessive trading. The customer alleged damages in the amount of $228,128.47. On July 14, 2020, the arbitration was dismissed.
Have You Lost Money with Joseph Warner Rofoz?
If you or someone you know has or had a brokerage account with Mr. Joseph Warner Rozof and have concerns regarding losses in your investments or possible sales practice violations including fraud, you may be entitled to recover lost funds. The Law Office of Kevin J. Deloatch, Esq. has an extensive securities law practice and over 30 years of experience on Wall Street. Call today at (646) 792-2156 for a free consultation. The time to file your claim may be limited so you should call today to avoid delay.
