Richard J. Rubin, Jr., – Engaged in Outside Business Activity

New York investor rights attorneysRichard J., Rubin, Jr. Allegedly Participated in Real Estate Matters Involving Just Real Estate, LLC (JRE), a Business Outside of Northwestern Mutual Investment Securities, LLC

Richard J. Rubin, Jr., formerly a registered representative for Northwestern Mutual, was fined $5,000 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any and all capacities. Rubin consented, without admitting or denying the allegations, to findings that he engaged in an outside business activity without the written approval of Northwestern, according to FINRA documents currently under review by investor attorneys, Peiffer Rosca Wolf.

Rubin requested permission from Northwestern to own real estate and engage in real estate related outside business activities with Just Real Estate, LLC (JRE), an entity in which Rubin was a partner. Northwestern provided Rubin with written permission to own real estate, which included rental properties, and permitted Rubin to engage in JRE’s business activities. Northwestern specifically barred Rubin from the solicitation of other individuals to invest in Just Real Estate, LLC. However, Rubin allegedly solicited JM to invest $15,000 in a real estate deal in Tampa, FL. The solicitation was allegedly outside of his capacity of a partner of JRE, was allegedly unrelated to the business activities of the entity, and was allegedly prohibited by Northwestern. Rubin allegedly received compensation for his involvement in the real estate deal.

Richard J., Rubin, Jr. Fined and Suspended from Securities Related Business

FINRA Rules provide that no member or registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.

Rubin accepted and consented to the entry of specific findings by FINRA contained within the Letter of Acceptance, Waiver, and Consent (AWC), without admitting or denying FINRA’s findings of fact. FINRA’s entry of findings alleged that Rubin engaged in an outside business activity without the written approval of Northwestern.

Investor Rights Lawyers Investigating

Peiffer Rosca Wolf investor rights attorneys are currently investigating the alleged real estate dealings of Richard J., Rubin, Jr.

Peiffer Rosca Wolf attorneys take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Richard J., Rubin, Jr alleged real estate partnership, Just Real Estate, LLC, may contact the investor rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1180 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.