Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 29, 2019 indicate that former Michigan-based Royal Fund Management adviser Ricky Flatt, who has been named in an investigation by state regulatory authorities, recently resigned from his former employer and is currently not affiliated with any broker-dealer or advisory firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Wallace (CRD# 2473357).
Ricky Flatt has spent more than 18 years in the securities industry and was most recently registered as an investment adviser with Royal Fund Management in Troy, Michigan (2014-2019). Previous registrations include Invest Financial Corporation in Troy, Michigan (2009-2012); Royal Alliance Associates in Troy, Michigan (1997-2009); and Mariner Financial Services in Largo, Florida (1994-1997). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on July 24, 2013; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 17, 1994; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on July 5, 1994. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one regulatory sanction, was recently named in a regulatory investigation, and resigned from his former employer in connection to alleged rule violations.
In March 2019 he was “permitted to resign” from his position at Royal Fund Management in connection to allegations he violated internal policies and procedures, and failed to report an outside business activity and a loan from a client.
In March 2019 he was named in an investigation by the State of Michigan Department of Licensing in connection to allegations he took a loan from a client which he later defaulted on, and failed to disclose an outside business activity. The investigation remains pending.
In 2013 the State of Michigan sanctioned him in connection to allegations he was “insolvent based on the personal balance sheet that he completed and submitted.” He was issued heightened supervision and reporting requirements.
If you or someone you know has a complaint regarding Ricky Flatt, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.