Ronald Joseph Sagasser (also known as Ron Sagasser), of Miamisburg, Ohio, a stockbroker registered with W&S Brokerage Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sagasser failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022075848601 (July 6, 2023).
Public Disclosure shows that Sagasser was discharged by W&S Brokerage Services on June 21, 2022, based upon allegations that Sagasser failed to provide the securities broker dealer with accurate information in an investigation into his activities, including customer interactions, signing of promissory notes with customers, and distribution of unapproved consolidated statements.
FINRA’s investigation began with its examination of the Form U5 that WS Brokerage Services submitted.
On May 9, 2023, as part of its inquiry into why Sagasser was dismissed from WS Brokerage Services, FINRA requested Sagasser to provide information and documents. As confirmed in his phone conversation with FINRA on June 22, 2023, Sagasser admitted that he got the request from FINRA but would not hand over the asked-for information and documents.
By not complying with the regulator, Sagasser violated FINRA Rules 8210 and 2010.
Sagasser was associated with WS Brokerage Services Inc. as a stockbroker from May 11, 2018, to July 18, 2022.
