Ronald Scott Cole Allegedly Made Unauthorized Withdrawals from the Client’s Accounts & Converted the Money for His Own Use
Ronald Cole, from January 2013 to November 2016, allegedly made unauthorized withdrawals from a client’s accounts and converted the money for his own use, according to a pending Customer Dispute filed on Cole’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.
The aforementioned dispute was filed on December 5, 2018, FINRA states, and is requesting damages of $172,420.85, FINRA states.
Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Ronald Cole’s alleged unauthorized withdrawals. Investors who believe they may have lost money in activity related to Ronald Cole’s alleged unauthorized withdrawals are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Ronald Cole Suspended by UBS Financial Services, Inc. & Suspended by FINRA
Ronald Cole allegedly was terminated by UBS Financial Services, Inc. after he allegedly failed to disclose a DUI arrest to the firm, as required by firm policy, and because he allegedly failed to meet the requirements of firm-imposed business plans, according to a November 15, 2016 Employment Separation Disclosure found on Cole’s BrokerCheck Report.
Cole was registered with UBS in Paramus, New Jersey from May 5, 2010 until December 11, 2015, FINRA states.
Cole also allegedly failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance, and thus was suspended by FINRA, FINRA states.
Cole has 4 disclosures in his 21 years in the securities industry, according to his FINRA BrokerCheck Report.
Cole was also registered with Morgan Stanley Smith Barney in Paramus, NJ from June 1, 2009 until May 11, 2010, and with Morgan Stanley & Co. Incorporated in Paramus, NJ from April 2, 2007 until June 1, 2009, FINRA notes.
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.
Securities Lawyer Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Ronald Cole’s alleged unauthorized withdrawals. 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 Ronald Cole’s alleged unauthorized withdrawals may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.