January 2020 – Florsham Park, NJ
According to publicly available records Richard Thomas Ragold (CRD#1808168) , a stockbroker who is currently registered with Capitol Securities Management, Inc., disclose 2 settled customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In March 2001, a Josephthal & Co., Inc. customer filed case 01-042872 alleging churning, unauthorized and unsuitable trading. The case settled for $280,000 with $140,000 contributed personally by Ragold .
In December 2018, a customer of Capitol Securities Management, Inc., filed FINRA case #18-04427 alleging that Ragold recommended investments unsuitable for their investment portfolio and sought damages of $500,000. The case was settled in 9/2019 for $70,000.
Ragold has been employed with Capitol Securities Management, Inc. since April of 2007. Ragold discloses business affiliations with Sanford Insurance Group in Upper Monteclaire, NJ and Crump Insurance in Roseland, NJ.
If you have questions about an investment account handled by Richard Ragold, contact us for a no charge consultation to learn about your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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