The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Ralph Derose. According to his publicly available FINRA BrokerCheck report, Ralph Derose has been the subject of multiple customer complaints over the course of his career.

Ralph Derose is an Ohio based securities broker. He has worked in the securities industry for thirty-nine years. During his career, he has been registered with six different securities firms.

His Registrations

  • Painewebber Incorporated (1980-1985)
  • Roney & Co. (1988-1999)
  • Raymond James (1998-2000)
  • Ferris, Baker Watts (2000-2009)
  • RBC Capital Markets Corporation (2009-2010)
  • B. Riley Wealth Management (2010-Present)

The Allegations

  • In February 2002, a customer alleged that Ralph Derose managed their account negligently, recommended unsuitable investments, and breached his fiduciary duty. This case was settled for $9,000 in damages.
  • In January 2003, a customer alleged that Ralph Derose recommended unsuitable investments, executed unauthorized trades, made negligent misrepresentations and omissions, committed fraud, managed their negligently, and breached his fiduciary duty.
  • In March 2016, customers alleged that Ralph Derose did not follow their instructions regarding liquidation of their securities. This case went to arbitration where the customer was awarded $1,044,782 in damages.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Ralph Derose, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.