Ralph E. Derose, of Beachwood, Ohio, a stockbroker with Wunderlich Securities, Inc., is subject to a pending customer dispute from March 15, 2016, in which the customer has requested $3,000,000.00 in damages amid allegations against Derose of failing to follow the customer’s investment instructions and poor investment performance.
Public Disclosure records reveal that in addition to a regulatory action against him in 2001, Derose has been subject to four customer disputes. On January 9, 2003, Derose became subject to a customer dispute in which the customer requested $120,000.00 in damages after alleging that Derose committed fraud and engaged in unauthorized trading. On February 22, 2002, Derose settled a customer dispute for $9,000.00 after the customer alleged that Derose negligently managed the customer’s account, and made unsuitable investment recommendations.
Guiliano Law Group
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