Advisor Alert: Our Attorneys Are Investigating Clarence Ronald Patton Jr. For Investment Fraud
Did You Lose Money Because of Clarence Patton?
Filed: November 15, 2023
C. Ron Patton (also known as Clarence Ronald Patton Jr.) currently has two (2) pending customer complaints. Overall, he has been the subject of eight (8) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Clarence Ronald Patton Jr..
Who Is Clarence Ronald Patton Jr.?
- Advisor Name: Clarence Ronald Patton Jr.
- Aliases: C. Ron Patton Jr., C. Ron Patton, Clarence Ron Patton Jr.
- CRD: 2188193
- Location: Red Bank, New Jersey
- Current Employer: Currently Not Registered
- Previous Firms: Alexander Capital, L.P., Cetera Advisor Networks LLC, and Summit Brokerage Services, Inc.
- Number of Known Customer Complaints: 8
- Can Clarence Patton Jr. Be Sued: Yes, in Private Arbitration
- Can Clarence Patton Jr.’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $2,400,000
- Highest Settlement: $225,000
If you have suffered investment losses by Clarence Patton Jr., we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Clarence Patton Jr. For Broker Misconduct
As of this publication date, Clarence Patton Jr. has been the subject of 8 customer disputes. Let’s review them below.
In December 2022, a FINRA arbitration was filed against or in reference to Clarence Patton Jr. by multiple customers of Alexander Capital, L.P. alleging Count I, Breach of Fiduciary duty; Count II, Violation of FINRA NYSE Rules, Regulation Best Interest, Breach of Contract, and Negligence; Count III, Failure to Supervise; Count IV, Violation of FL Securities and Investor Protection Act, section 517. Per the customers, they lost over $1,000,000 because of Mr. Patton Jr.’s actions. As of this publication date, this claim remains pending.
In November 2022, a FINRA arbitration was filed against or in reference to Clarence Patton Jr. by a customer of Alexander Capital, L.P. alleging Breach of Fiduciary Duty; Violations of Reg BI, Breach of Contract and Negligence; Violation of Florida Securities and Investor Protection Act, section 517. Per the customer, he/she lost over $1,550,000 because of Mr. Patton Jr.’s actions. As of this publication date, this claim remains pending.
In November 2022, a FINRA arbitration was filed against or in reference to Clarence Patton Jr. by a customer of Cetera Advisor Networks LLC and Summit Brokerage Services alleging breach of fiduciary duty, breach of contract, negligence, and failure to supervise by Cetera Advisors Networks and Summit Brokerage Services, Inc. Per the customer, he/she lost over $1,400,000 because of Mr. Patton Jr.’s actions. On September 26, 2023, Mr. Patton Jr. settled the claim for $225,000, and some or all of this amount may have been paid by Mr. Patton Jr.’s employer and/or insurance carrier.
In October 2015, a complaint was filed against or in reference to Clarence Patton Jr. by a customer of J.P. Turner & Company alleging unsuitability, violation of fiduciary obligation, gross negligence on the purchase of Arrowhead Research Corporation. Per the customer, he/she lost over $7,191.40 because of Mr. Patton Jr.’s actions.
In November 2010, a FINRA arbitration was filed against or in reference to Clarence Patton Jr. by a customer of J.P. Turner & Company, LLC alleging common law fraud, breach of fiduciary duty, negligence and violation of Florida statute section 517.301. Per the customer, he/she lost over $2,400,000 because of Mr. Patton Jr.’s actions. On November 10, 2011, Mr. Patton Jr. settled the claim for $650,000, and some or all of this amount may have been paid by Mr. Patton Jr.’s employer and/or insurance carrier.
In October 2008, a complaint was filed against or in reference to Clarence Patton Jr. by a customer of J.P. Turner & Company, LLC alleging unauthorized and unsuitable trade. Per the customer, he/she lost over $19,565.22 because of Mr. Patton Jr.’s actions.
In November 1997, a NASD arbitration was filed against or in reference to Clarence Patton Jr. by a customer of Argent Securities, Inc. alleging churning, misrepresentation, and failure to execute transactions. Per the customer, he/she lost over $120,000 because of Mr. Patton Jr.’s actions. On August 7, 1998, Mr. Patton Jr. settled the claim for $65,000, and some or all of this amount may have been paid by Mr. Patton Jr.’s employer and/or insurance carrier.
In April 1997, a NASD arbitration was filed against or in reference to Clarence Patton Jr. by a customer of Argent Securities, Inc. alleging omission of facts; misrepresentation. Per the customer, he/she lost over $1,500 because of Mr. Patton Jr.’s actions. An arbitration panel found that Clarence Patton Jr. was negligent and awarded $1,108.75 in favor of the customers.
How To File A Claim Against Clarence Patton Jr. (previously with Alexander Capital, L.P., Cetera Advisor Networks LLC, and Summit Brokerage Services, Inc.) To Get Your Money Back.
If you have questions about Clarence Patton Jr., Alexander Capital, L.P., Cetera Advisor Networks LLC, Summit Brokerage Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.