Advisor Alert: Our Attorneys Are Investigating Ronald John Kresel For Investment Fraud
Did You Lose Money Because of Ronald Kresel?
Filed: January 18, 2024
Ronald Kresel has been the subject of three (3) 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 Ronald John Kresel.
Who Is Ronald John Kresel?
- Advisor Name: Ronald John Kresel
- Aliases: Ronald J Kresel
- CRD: 2202293
- Location: Wausau, Wisconsin
- Current Employer: Currently Not Registered
- Previous Firms: Ameriprise Financial Services, LLC, First Allied Securities, Inc., and AXA Advisors, LLC
- Number of Known Customer Complaints: 3
- Can Ronald Kresel Be Sued: Yes, in Private Arbitration
- Can Ronald Kresel’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $22,120.66
- Highest Settlement: $82,289.56
If you have suffered investment losses by Ronald Kresel, 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 Ronald Kresel For Broker Misconduct
As of this publication date, Ronald Kresel has been the subject of 3 customer disputes. Let’s review them below.
In January 2019, a complaint was filed against or in reference to Ronald Kresel by a customer of First Allied Securities, Inc. alleging that Mr. Kresel made an unsuitable recommendation causing unintended tax consequences in 2013. Per the customer, he/she lost over $104,790 because of Mr. Kresel’s actions. On May 9, 2019, Mr. Kresel settled the claim for$55,000.
In January 2009, a complaint was filed against or in reference to Ronald Kresel by multiple customers of AXA Advisors, LLC alleging that the clients were sold a variable life insurance policy that was unsuitable for their needs. The clients further allege policy premiums and future costs were never completely explained. The clients are requesting the firm to cancel the policy and refund their full investment of $100,000. On February 26, 2009, Mr. Kresel settled the claim for $82,289.56, and some or all of this amount may have been paid by Mr. Kresel’s employer and/or insurance carrier.
In June 1999, a complaint was filed against or in reference to Ronald Kresel by a customer of AXA Advisors, LLC alleging that Mr. Kresel told the client that the cost basis of a 1995 issue variable life insurance policy could be withdrawn at any time without tax ramifications. On December 2, 1999, Mr. Kresel settled the claim for $22,120.66, and some or all of this amount may have been paid by Mr. Kresel’s employer and/or insurance carrier.
How To File A Claim Against Ronald Kresel (previously with Ameriprise Financial Services, LLC, First Allied Securities, Inc., and AXA Advisors, LLC) To Get Your Money Back
If you have questions about Ronald Kresel, Ameriprise Financial Services, LLC, First Allied Securities, Inc., AXA Advisors, LLC, 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.