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Ronald Nicklas Has Received Two Regulatory Sanctions

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Ronald Nicklas

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on June 9, 2017 indicate that former Idaho-based Pennaluna & Company broker Ronald Nicklas, Jr. has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Nicklas (CRD# 1055099).

Ronald Nicklas has spent 31 years in the securities industry and was most recently registered with Pennaluna & Company in Wallace, Idaho (1985-2015). He was previously registered with NML Equity Services (1983-1984). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 24 (General Securities Principal Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, Ronald Nicklas has received two regulatory sanctions.

In February 2017 FINRA sanctioned him following allegations he “was his member firm’s anti-money laundering compliance officer (AMLCO) with the responsibility for the establishment and implementation of an anti-money laundering compliance program (AMLCP) reasonably designed to detect and cause the reporting of suspicious activity and Nicklas failed to implement an AMLCP reasonably designed to detect and cause the timely reporting of suspicious activity.” FINRA’s findings stated further: “the firm’s AMLCP described various red flags of potentially suspicious activity which, upon detection by firm personnel, would trigger further review by the AMLCO. These red flags included, among others: wire activity that is unexplained, repetitive, unusually large or shows unusual patterns or with no apparent business purposes; customer has opened multiple accounts with the same beneficial owners or controlling parties for no apparent business reason; customer transactions include a pattern of receiving stock in physical form or the incoming transfer of shares, selling the position and wiring out proceeds; maintains multiple accounts, or maintains accounts in the names of family members or corporate entities with no apparent business or other purpose; and the company’s stock is priced below a penny.” He was issued a four-months suspension from acting in any principal capacity and was fined $10,000.

In 2003 the National Association of Securities Dealers (NASD) sanctioned him following allegations that on behalf of his member firm, he executed 29 securities sales as principal “and charged… more than a fair mark-up.” He was censured and issued a fine of $10,000.

If you have lost money investing with Ronald Nicklas Jr., call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited by law, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.