Allegations of unauthorized trading and unauthorized use of margin, along with failure to respond, drive FINRA decision
Multiple customer disputes and tax liens line Ricardo A. Broome’s FINRA-generated BrokerCheck report. Most recently, allegations against Broome include unauthorized trading and unauthorized use of margin. Damages granted in customer disputes against Broome in his 12 years in the securities industry equal almost $50,000.
Tax liens and/or judgments against Broome during the same time period equal almost $40,000. Ultimately, however, Broome failed to respond to a FINRA request for information in late 2015, and as a result, FINRA permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public.
In the past, Broome has been registered with the following firms, among others:
- Chelsea Financial Services in Staten Island, NY
- Woodstock Financial Group, Inc. in New York, NY
- Meyers Associates, L.P. in New York, NY
- Global Arena Capital Corp. in Melville, NY (firm expelled by FINRA 1/2016)
- Spartan Capital Securities, LLC in New York, NY
- Legend Merchant Group, Inc. in New York, NY (firm expelled by FINRA 8/2012)
- Charles Morgan Securities, Inc. in New York, NY
If you feel you have lost money at the hands of Ricardo Broome, or any other financial advisor, it is recommended that you seek the services of an experienced securities attorney.
The attorneys at Silver Law Group are leaders in the field of FINRA and securities arbitration. We represent individual and institutional investors across the United States that have lost money at the hands of a trusted financial advisor. Our services are provided on a contingency-fee basis, which means we are only compensated if there is a recovery of losses. For more information, contact us for a complimentary consultation.