Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 16, 2016 indicate that New Jersey-based National Securities broker Ralph Marra has received settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Marra (CRD# 2128560).
Ralph Marra has spent 25 years in the securities industry and has been registered with National Securities Corporation in Red Bank, New Jersey since May 2015. Previous registrations include Morgan Stanley in Shrewsbury, New Jersey (2013-2015); UBS Financial Services in Red Bank, New Jersey (2008-2013); Merrill Lynch in Red Bank, New Jersey (2000-2008); Dean Witter Reynolds in Purchase, New York (1999-2000); Prudential Securities Corporation in New York, New York (1997-1999); Donald & Company Securities in Tinton Falls, New Jersey (1993-1997); and Hibbard Brown & Company in New York, New York (1991-1993). Two of Mr. Marra’s former employers, Donald & Company and Hibbard Brown & Company, have since been expelled by FINRA. He is a registered broker and investment adviser with 17 US states and territories: California, Colorado, Connecticut, the District of Columbia, Florida, Maryland, Michigan, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Texas, Vermont, and West Virginia.
According to his BrokerCheck report, Ralph Marra has received two customer complaints and two pending customer complaints.
In April 2016, a customer alleged Ralph Marra, while employed at Morgan Stanley, recommended unsuitable investments. The customer is seeking $200,000 in damages in the pending complaint.
In June 2015, a customer alleged Ralph Marra, while employed at UBS Financial Securities, breached his fiduciary duty, acted negligently, and breached contract. The customer is seeking $150,000 in damages in the pending complaint.
In 2014, a customer alleged Ralph Marra, while employed at Morgan Stanley, executed excessive trades. The complaint settled in February 2016 for $50,000.
In 1997, a customer alleged Ralph Marra misrepresented and omitted material facts related to an investment. The complaint settled for $1,500.
If you have complaints regarding Ralph Marra, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recover lost funds. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.