Ronald A. Frumkes, of New York, New York, a stockbroker currently registered with Wunderlich Securities, Inc., has been subject to a customer initiated investment related arbitration claim on October 30, 2014, in which the customer has requested $600,000.00 in damages based upon allegations that from May 29, 2014 and October 15, 2014, Frumkes provided unsound and inappropriate investment advice which led the customer to bear losses. The customer additionally alleged that Frumkes negligently handled the customer’s account, and breached his fiduciary duty to the customer.
FINRA Public Disclosure reveals that Frumkes has been subject to two additional customer arbitrations. Particularly, on February 25, 2014, a customer filed an investment related arbitration claim involving Frumkes’ conduct, in which the customer requested $22,225.69 in damages based upon allegations that Frumkes effected unsuitable and excessive transactions in the customer’s account.
On February 9, 2004, a customer initiated investment related arbitration claim involving Frumkes’ actions had been resolved for $24,000.00 in damages based upon allegations that Frumkes, while registered with C.E. Unterberg, Towbin, LLC., breached his fiduciary and contractual duties to the customer, failed to follow investment instructions, effected unsuitable transactions in the customer’s account, made misrepresentations to the customer concerning investments, and committed fraud.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
