Ronald Broadstone– Misappropriation of Customer Assets & Unauthorized Trading

New Orleans investment fraud attorneyRonald D. Broadstone Allegedly Misappropriated Customer Assets, Engaged in Unauthorized Trading, and Settled a Customer Complaint without Proper Notification

Ronald Broadstone allegedly misappropriated customer assets, engaged in unauthorized trading, and settled a customer complaint without proper notification, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Ronald Broadstone’s alleged misappropriation of customer assets and unauthorized trading are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Ronald Broadstone’s alleged misappropriation of customer assets and unauthorized trading.

Ronald Broadstone’s Form CRD also states that he has allegedly not “acted in the interests of the trust and beneficiaries in his capacity as trustee of a family trust” and also has allegedly “violated firm policies concerning order entry and client complaint escalation.”

Ronald Broadstone, from February2007 through April 18, 2017, was registered with FINRA member firm UBS Financial Services Inc. as a general securities representative but is currently not associated with any FINRA member, the aforementioned AWC notes.

Ronald Broadstone Barred by FINRA after Refusing to Respond to FINRA Questions during the Course of a FINRA Investigation

Ronald Broadstone, on April 18, 2017, appeared to provide on-the-record testimony in connection with FINRA’s investigation and pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Broadstone, during his on-the-record testimony, allegedly refused to respond to FINRA staffs questions and then Broadstone’s counsel purportedly advised FINRA staff, on the record, that Broadstone would not give answers to additional questions and Broadstone then left the testimony without answering any further questions from FINRA staff, the aforementioned AWC notes.

By virtue of his appearance for the April 18 testimony, his counsel’s statement at the April 18 testimony, and this agreement, Broadstone allegedly acknowledges that he received FINRA’s Rule 8210 request and will not provide testimony as requested by FINRA staff pursuant to FINRA Rules, and therefore has been barred by FINRA, the AWC reports.

One should also note that, according to the AWC, Ronald D. Broadstone neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Ronald Broadstone’s alleged misappropriation of customer assets and unauthorized trading. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Ronald Broadstone’s alleged misappropriation of customer assets and unauthorized trading may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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.