William Vito Romeo (also known as “Doughboy Romeo”) of East Meadow, New York, the President and Chief Executive Officer of RNR Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $115,000.00 in damages based upon allegations that Romeo engaged in sales practice violations in connection with the sale of non-traded real estate investment trusts or REITs when Romeo was associated with RNR Securities LLC. FINRA Arbitration No. 23-03261 (November 14, 2023).
This is not the first time that Romeo has been referenced in a customer initiated investment related dispute concerning Romeo’s conduct in the securities industry. FINRA Public Disclosure shows that Romeo was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $55,000.00 in damages based upon allegations that Romeo made unsuitable recommendations and made misrepresentations of material fact in connection with the sale of convertible promissory notes during the time that Romeo was associated with J.P. Turner Co. LLC. FINRA Arbitration No. 07-00565 (June 16, 2008).
Romeo has also been sanctioned by New York State Department of Financial Services because Romeo’s firm failed to report certain administrative actions. Case No. 2023-0043-S (March 15, 2023). The firm was accused of failing to report an administrative action where RNR Securities was fined by Florida Office of Financial Regulation on August 30, 2018, and failing to report a FINRA disciplinary action resulting in a censure on December 15, 2017.
Romeo has been associated with RNR Securities LLC in East Meadow, New York since October 13, 1997. Additionally, Romeo has been registered with R&R Financial Planners Inc. in East Meadow, New York since November 5, 2007.
