Advisor Alert: Our Attorneys Are Investigating Ron Ernest Filoramo For Investment Fraud
Did You Lose Money Because of Ron Filoramo?
Filed: March 11, 2024
Ron Filoramo (also known as Ronald Ernest Filoramo) currently has one (1) pending civil event and three (3) pending customer complaints. Overall, he has been the subject of two (2) regulatory events, one (1) civil event, four (4) customer complaints, and one (1) termination event. 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 Ron Ernest Filoramo.
Who Is Ron Ernest Filoramo?
- Advisor Name: Ron Ernest Filoramo
- Aliases: Ronald Ernest Filoramo
- CRD: 3270398
- Location: Fort Lauderdale, Florida
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Morgan Stanley, Wells Fargo Advisors, LLC, and UBS Financial Services Inc.
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 2
- Number of Known Termination Events: 1
- Number of Known Civil Events: 1
- Can Ron Filoramo Be Sued: Yes, in Private Arbitration
- Can Ron Filoramo’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $335,850
- Highest Settlement: $61,443.90
If you have suffered investment losses by Ron Filoramo, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning 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 Ron Filoramo For Broker Misconduct
As of this publication date, Ron Filoramo has been the subject of 4 customer disputes, 2 regulatory events, 1 termination event, and 1 civil event. Let’s review them below.
In October 2023, the United States Securities and Exchange Commission initiated a regulatory action against or in reference to Ron Filoramo for allegedly misappropriating approximately $761,000 from two of his long-standing brokerage customers.
In September 2023, the United States Securities and Exchange Commission initiated a civil action against or in reference to Ron Filoramo for an alleged multi-year fraud by Ronald E. Filoramo, a registered representative and investment adviser representative associated with a dual-registered financial services firm.
In September 2023, FINRA initiated a regulatory action against or in reference to Ron Filoramo for allegedly failing to provide documents and information requested by FINRA in connection with its investigation into allegations that he fraudulently induced clients to transfer funds to purported investments that were never made.
In May 2023, Morgan Stanley terminated Ron Filoramo following allegations that he fraudulently induced clients to transfer funds to purported investments that were never made.
In April 2023, a complaint was filed against or in reference to Ron Filoramo by a customer of Morgan Stanley alleging that Mr. Filoramo induced the client to transfer funds to a purported outside investment that cannot be located. Per the customer, she lost over $62,000 because of Mr. Filoramo’s actions. On September 21, 2023, Mr. Filoramo settled the claim for $61,443.90, and some or all of this amount may have been paid by Mr. Filoramo’s employer and/or insurance carrier.
In April 2023, a complaint was filed against or in reference to Ron Filoramo by a customer of Morgan Stanley alleging that Mr. Filoramo fraudulently induced her to transfer funds to purported outside investments that were never made. Per the customer, she lost over $290,000 because of Mr. Filoramo’s actions. As of this publication date, this claim remains pending.
In April 2023, a complaint was filed against or in reference to Ron Filoramo by a customer of Morgan Stanley alleging that Mr. Filoramo fraudulently induced him to transfer funds to purported outside investments that were never made. Per the customer, he lost over $172,133.75 because of Mr. Filoramo’s actions. As of this publication date, this claim remains pending.
In March 2023, a complaint was filed against or in reference to Ron Filoramo by a customer of Morgan Stanley alleging that Mr. Filoramo fraudulently induced him to transfer funds to purported outside investments that were never made. Per the customer, he lost over $335,850 because of Mr. Filoramo’s actions. As of this publication date, this claim remains pending.
How To File A Claim Against Ron Filoramo (previously with Morgan Stanley, Wells Fargo Advisors, LLC, and UBS Financial Services Inc.) To Get Your Money Back
If you have questions about Ron Filoramo, Morgan Stanley, Wells Fargo Advisors, LLC, UBS Financial 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.