Ronald D. Broadstone Allegedly Engaged in Unauthorized Trading, and Settled a Customer Complaint without Proper Notification

Ronald Broadstone allegedly engaged in unauthorized trading, and made a customer complaint settlement without proper notification, according to a recent Letter of Acceptance, Waiver and Consent (AWC) under review by attorney Alan Rosca.

Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating activity related to Ronald Broadstone’s alleged unauthorized trading. Investors who believe they may have lost money in activity related to Ronald Broadstone’s alleged unauthorized trading are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Ronald Broadstone allegedly also misappropriated customer assets, the AWC states.  FINRA, based on the aforementioned alleged behavior, Broadstone allegedly fell under the course of a FINRA investigation.

Ronald Broadstone Has Been Barred by FINRA; Broadstone Allegedly Refused to Provide On-the-record Testimony

Ronald Broadstone, on April 18, 2017, allegedly made an appearance to provide on-the-record testimony in connection with FINRA’s investigation and pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorney Alan Rosca.

Broadstone, during his on-the-record testimony, allegedly refused to respond to FINRA staffs questions and then Broadstone’s counsel purportedly advised FINRA staff, on the record, that Broadstone would not give answers to additional questions and Broadstone then left the testimony without answering any further questions from FINRA staff, the aforementioned AWC notes.

By virtue of his appearance for the April 18 testimony, his counsel’s statement at the April 18 testimony, and this agreement, Broadstone allegedly acknowledges that he received FINRA’s Rule 8210 request and will not provide testimony as requested by FINRA staff pursuant to FINRA Rules, and therefore has been barred by FINRA, the AWC reports.

Ronald Broadstone’s Form CRD also states that he has allegedly not “acted in the interests of the trust and beneficiaries in his capacity as trustee of a family trust” and also has allegedly “violated firm policies concerning order entry and client complaint escalation.”

Ronald Broadstone, from February2007 through April 18, 2017, was registered with FINRA member firm UBS Financial Services Inc. as a general securities representative but is currently not associated with any FINRA member, the aforementioned AWC notes.

Finally, one should also note that, according to the AWC, Ronald D. Broadstone neither admitted nor denied the FINRA findings.

Securities Lawyer Investigating

The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Ronald Broadstone’s alleged unauthorized trading. 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, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of Ronald Broadstone’s alleged unauthorized trading may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@roscalaw.com, or through the contact form on this webpage.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.