Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on September 28, 2016 indicate that California-based Centaurus Financial broker Ralph Williams has received a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Williams (CRD# 805613).
Ralph Williams has spent 41 years in the securities industry and has been registered with Centaurus Financial in Palmdale, California since 2007. Previous registrations include the Investment Center in Lancaster, California; California Financial Network in Bakersfield, California; Linsco/Private Ledger in Boston, Massachusetts; Petra Financial Group; Associated Planners Securities Corporation; Private Ledger Financial Services; and PML Securities Company. He is a registered broker with California.
According to his BrokerCheck report, Ralph Williams has received one customer complaint and was discharged from one previous employer.
In 2001 a customer alleged Ralph Williams, while employed at Linsco/Private Ledger, executed unauthorized transactions. The complaint settled for $40,000.
In 2001 Ralph Williams was terminated from his position at Linsco/Private Ledger following allegations involving a customer complaint over unapproved discretionary transactions.
According to FINRA rules and federal securities law, financial professionals like Ralph Williams are prohibited from executing transactions without a customer’s permission or authorization. There are some exceptions, including discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and broker-dealer firms who effect unauthorized trades may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Ralph Williams, you may be entitled to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.