Michael Ralby Lawsuit | Broker Misconduct

Who Is Michael Ralby? | Michael Ralby Lawsuit

Michael Ralby, an ex-Morgan Stanley broker, was recently terminated for allegedly accepting loans from clients. Since then, he has now been barred by the Financial Industry Regulatory Authority (FINRA) after he declined to take part in its investigation.

Broker Michael Ralby, who worked for Morgan Stanley in Boca Raton, FL, was terminated in January. FINRA routinely investigates brokers who are terminated and if they don’t agree to participate in the investigation, they face being barred completely from the industry.

Michael Ralby has worked at multiple firms over the years before Morgan Stanley, including: First Miami Securities Inc., Smith Barney Inc., D. E. Frey and Co. Inc., JW Genesis Securities Inc., First Union Securities Financial Network Inc., FSC Securities Corporation, Stanford Group Co., and Oppenheimer and Co., Inc.

FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org. According to the Michael Ralby BrokerCheck report, he has been involved in at least one Civil Event and four Customer Disputes, two of which appear to still be pending.

Michael Ralby Broker| Michael Ralby Broker Lawsuit

According to Michael Ralby’s BrokerCheck report, his Civil Event appears to be related to a lawsuit concerning his connection to his employer’s Ponzi Scheme. The Stanford Group’s lawsuit against Michael Ralby is in regards to the compensation he allegedly received from Stanford Group in connection with this Ponzi Scheme.

One of the Customer Disputes is linked to allegations of violations of Florida statutes that appears to have been settled for over 2 Million Dollars. However, it is unclear if Michael Ralby’s alleged role in the lawsuit was dismissed. Additionally, it appears as if there are two pending arbitrations filed involving Michael Ralby for allegedly misleading customers in regards to Stanford International Bank certificates of deposit while he was employed at the Stanford Group.

Based on our experience, we believe that there are more investors who have been the victim of broker misconduct or investment fraud. If you’ve worked with or invested with Michael Ralby, you should contact Peiffer Wolf Carr & Kane immediately for a FREE Consultation.

Peiffer Wolf Carr & Kane is currently investigating Michael Ralby’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140

FREE Consultation | 585-310-5140

If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr & Kane has represented thousands of victims, and we remain committed to fighting on behalf of investors.

Contact Peiffer Wolf Carr & Kane today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.

Peiffer Wolf (1316 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.