Paul P. Ruane of New York New York a stockbroker formerly employed by Deutsche Bank Securities Inc. is referenced in a customer initiated investment related written complaint on June 19, 2015 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that Ruane executed transactions in a customer’s account with knowledge that the customer’s signature had been forged on the documentation that initiated the transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Ruane is referenced in two more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with C.E. Unterberg and Towbin LLC. Particularly, on August 22, 2005, a customer filed an investment related complaint concerning Ruane’s activities in which the customer requested $50,000.00 in damages founded on accusations that Ruane placed the customer in risky over-the-counter equities positions within the customer’s investment account.
Thereafter, a customer initiated investment related complaint regarding Ruane’s activities was resolved for $50,000.00 in damages based upon allegations that while Ruane worked for UBS Financial Services, Inc., misleading statements and unsuitable investment recommendations were made to the customer concerning the customer’s investments in auction rate securities.
Ruane’s registration with Deutsche Bank Securities Inc. has been terminated on September 6, 2016. Since then, Ruane has been registered with Raymond James & Associates, Inc.
