Ralph Richard Von Lutzow Allegedly Accepted Customer Loans Totaling $32K, & Participated in Private Securities Transactions
Ralph Von Lutzow allegedly accepted loans from a senior investor and customer of his member firm, totaling $32K, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) under review by investor rights attorney Alan Rosca.
Von Lutzow also allegedly participated in private securities transactions, for compensation, which involved investments made by the customer in a pharmaceutical start-up company, according to the aforementioned AWC. Said pharmaceutical company is named Reven Pharmaceuticals, the AWC reports.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Ralph Von Lutzow’s alleged private securities actions. Investors who believe they may have lost money in activity related to Ralph Von Lutzow’s alleged private securities actions are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Ralph Von Lutzow Barred by FINRA
Ralph Von Lutzow, as a result of the aforementioned alleged behavior, fell under the scope of a FINRA investigation, FINRA states.
Von Lutzow then allegedly provided false and misleading information to FINRA in response to requests for documents and information during the course of said investigation, FINRA notes.
Von Lutzow is also the subject of a pending Customer Dispute filed on December 1, 2016. Said dispute is requesting $15,000 in damages, and alleges mis-allocation of assets, unsuitable investment recommendations, over-concentration, misrepresentation and omission, FINRA states.
Ralph Von Lutzow worked for Oberweis Securities, Inc in Sarasota, Florida from May 22, 2003 until December 7, 2016, and also was registered with Rosenthal Collins Securities, LLC in Chicago, Illinois from September 8, 1997 until June 9, 2003, FINRA reports.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated, and that Ralph Von Lutzow reportedly consented to the FINRA settlement without admitting to or denying FINRA’s findings.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Ralph Von Lutzow’s alleged private securities actions. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Ralph Von Lutzow’s alleged private securities actions may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.