April 2019- New York
According to FINRA records, Ronald A. Frumkes, a stockbroker who is not currently registered with any firm and who last worked for Wunderlich Securities , discloses three prior final 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 FINRA Case 15-02974, a customer of Wunderlich Securities alleged damages of $600,000 for gross negligence, breach of fiduciary duty, and unsound advice leading to losses in the account from 5/29/2014-10/2014. In 11/2016, that case was settled for $40,000.
Frumkes was employed at Wunderlich Securities from 12/2012 – 9/2018. Prior to that he worked for Sanders Morris Harris Inc.
If you have questions about an account handled by Ronald A. Frumkes , call for a no charge consultation.
Wunderlich Securities is Now B. Riley Wealth Management
In June 2018, Wunderlich Securities was rebranded and is now know as B. Riley Wealth Management.
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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