Ronald G. Richer, of New York, New York, a stockbroker currently registered with Garden State Securities, Inc., is the subject of a customer initiated investment related arbitration claim on April 3, 2017, where the customer requested $50,775.00 in damages supported by allegations that from February 2015 to July 2015, Richer effected unsuitable stock transactions in the customer’s account, and churned the customer’s equity portfolio.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Richer has been subject of two additional customer initiated investment related disputes containing accusations of Richer’s misconduct while employed with Global Arena Capital Corp and Garden State Securities. Specifically, on May 7, 2014, a customer initiated investment related arbitration claim involving Richer’s conduct was settled for $4,900.00 in damages founded on accusations that Richer made unsuitable investment recommendations to the customer concerning over-the-counter equities.
Further, on June 10, 2016, a customer filed an investment related arbitration claim regarding Richer’s activities, in which the customer requested $150,000.00 in damages based upon accusations of negligence in the handling of the customer’s investment account, unauthorized stock trades, and failure to supervise equity transactions effected in the customer’s account.
Since February 20, 1998, Richer has been associated with seven different broker dealers, six of which are defunct or have otherwise been expelled by securities regulators for violation of federal securities laws.
Guiliano Law Group
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