Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 26, 2017 indicate that Florida-based Kovack Securities broker/adviser Ronald Christopher has been named in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Christopher (CRD# 2892530).
Ronald Christopher has spent nineteen years in the securities industry and has been registered with Kovack Securities in Altamonte Springs, Florida since 2014. Previous registrations include Merrimac Corporate Securities, which has been expelled by FINRA, in Altamonte Springs, Florida; Allen Douglas Securities in Winter Park, Florida; MetLife Securities in Springfield, Massachusetts; Metropolitan Life Insurance in New York, New York; and Southern Financial Group in Columbia, South Carolina. He is a registered broker and investment adviser with eight US states and territories: Delaware, Florida, Nebraska, New York, Ohio, Pennsylvania, Texas and Virginia. He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination) and Series 7 (General Securities Representative Examination).
According to his BrokerCheck report, Ronald Christopher has received one pending customer dispute.
In October 2016 a customer alleged Ronald Christopher, while employed at Merrimac Corporate Securities, made unsuitable recommendations, breached his fiduciary duty, and acted negligently. The customer is seeking $400,000 in damages in the pending complaint.
According to FINRA rules and federal securities law, investment professionals like Ronald Christopher must comply with a standard called suitability, meaning they must recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has complaints regarding Ronald Christopher, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.