National investment loss lawyers KlaymanToskes reports broker/investment advisor Ron Filoramo (CRD# 3270398) has been terminated by Morgan Stanley, where he was registered from 2011 to 2023 in Fort Lauderdale, FL. Filoramo is also facing four customer complaints alleging he fraudulently induced clients to transfer funds to purported investments that were never made.
Investors that suffered losses with Ron Filoramo and/or any other broker at Morgan Stanley may have recovery options. Contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lawrence@klaymantoskes.com for a free consultation to discuss legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Ron Ernest Filoramo has been hit with several pending customer complaints alleging over $800,000 in collective damages to the customers’ Morgan Stanley accounts due to investment recommendations in a purported outside investment.
Filoramo has four pending customer complaints, listed below:
In accordance with FINRA Rule 3270, all financial professionals are required to report and receive approval from their brokerage firm before engaging in any business activity outside of his/her relationship with the firm.
Brokers/financial advisors and their firms have a fiduciary duty to recommend suitable investments that are in their customers’ best interests. Brokers/advisors must consider an investment’s risk, ensure that they do not misrepresent material facts, and/or overconcentrate the customer’s portfolio in unsuitable investments.
Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making unsuitable investment recommendations. The violations discussed above each provide a basis for liability in a FINRA arbitration claim.
To learn more about additional securities violations, see our account activity violations page. FINRA arbitration is a more cost-effective process for investors, often occurring with increased speed and efficiency over a court proceeding.
Former and current customers of Ron Filoramo who suffered investment losses are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com to discuss our investigation and your recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com