Ronald Clemente Davis of Raleigh North Carolina a stockbroker formerly registered with MSI Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was settled to resolve allegations that Davis did not appropriately execute the customer’s instructions of liquidating an advisory account and variable annuity. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02902 (Mar. 15, 2018).
FINRA Public Disclosure also confirms that on May 19, 2011, a customer filed an investment related complaint regarding Davis’ conduct where the customer sought $14,679.00 in damages founded on accusations that while Davis was associated with Questar Capital corporation, the customer was placed in an Allianz variable annuity that failed to be suitable for the customer.
Davis’ registration with MSI Investors Services, LLC has been terminated as of March 25, 2017. He has been employed by MML Investor Services LLC since then.
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