Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 9, 2017 indicate that former Ohio-based UBS Financial Services broker/adviser Ronald Broadstone has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Broadstone (CRD# 1043159).
Ronald Broadstone has spent 34 years in the securities industry and was most recently registered with UBS Financial Services in New Albany, Ohio (2007-2017). Previous registrations include McDonald Investments in Columbus, Ohio and The Ohio Company in Cincinnati, Ohio. He has passed two securities industry examinations: Series 7 (General Securities Representative Examination) and Series 63 (Uniform Securities Agent State Law Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction and two customer complaints, and was terminated from a former employer.
In April 2017 FINRA sanctioned him following allegations he “refused to respond to FINRA’s questions during his on-the-record testimony that was requested by FINRA, in connection with its investigation into whether, while associated with his member firm, Broadstone had misused or misappropriated customer assets, engaged in unauthorized trading, or settled a customer complaint without notifying the firm.” He was barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In March 2017 he was terminated from his position at UBS Financial Services after “an internal review found that he: (1) acted not in the interests of the trust and beneficiaries in his capacity as trustee of a family trust; (2) violated firm policies concerning order entry and client complaint escalation; and (3) gave inconsistent responses during the review.”
In 2016 a customer alleged Ronald Broadstone, while employed at UBS Financial Services, executed unauthorized transactions and failed to follow instructions. The complaint settled for more than $18,800.
In 2011 a customer alleged Ronald Broadstone, while employed at UBS Financial Services, recommended unsuitable investments and mismanaged the account. The complaint settled for $90,000.
If you or someone you know has complaints regarding Ronald Broadstone, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.