(CRD #2973115, Miami, Florida)

April 16, 2026 – An AWC was issued in which Peter Michael Rosten was fined $25,000 and suspended from association with any FINRA member in all capacities for four months. Without admitting or denying the findings, Rosten consented to the sanctions and to the entry of findings that he entered limit buy orders in a thinly traded OTC stock at prices just below the inside market for the stock while simultaneously selling the same stock. The findings stated that these buy orders created a false appearance of market activity in the stock to other market participants. While entering sell orders from his personal account, Rosten also placed limit buy orders for the stock through a proprietary account at his member firm. Rosten’s buy orders placed through the firm account were not bona fide, and he should have known that they created a false appearance of demand for the stock that artificially supported the stock’s price while he sold shares. Rosten’s activity caused the bid-ask spread to decrease and prompted the first market transactions in the stock in over six months. Rosten stopped entering orders in the stock on both sides of the market when compliance personnel at his firm addressed his conduct. Rosten’s purchases and sales of the stock resulted in a net loss. The suspension is in effect from May 7, 2026, through September 6, 2026. (FINRA Case #2022076873501) If you have suffered losses as a result of Peter Michael Rosten's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Peter Michael Rosten. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-330-6707 or email Matthew Schwartz directly at mschwartz@tslfirm.com.