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Gerard Raho Named in Civil Action Alleging Conspiracy to Misappropriate Funds

Gerard Raho (CRD #: 1607815), a broker registered with Edward Jones, is involved in a pending civil action, according to his BrokerCheck record, accessed on June 26, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Pending Civil Action

On April 15, 2023, an investor named Gerard Raho and other defendants in a civil action alleging conspiracy to misappropriate, convert, and launder money for personal use between approximately April 2018 and August 2019.

The investor seeks $355,000 in damages in this pending action.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Background Information

Gerard Raho has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 25 – NYSE Trading Assistant Examination
  • Series 55 – Limited Representative-Equity Trader Exam
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

Gerard Raho is a registered broker in 13 states and a registered investment adviser in New Jersey.

He has also worked for the following firms:

  • Global Direct Equities (CRD#:124514)
  • Raymond James & Associates (CRD#:705)
  • Lek Securities (CRD#:33135)
  • BBVA Securities (CRD#:27060)
  • BT Securities (CRD#:17790)
  • J.P. Morgan Securities (CRD#:15733)
  • Baring Securities (CRD#:5285)
  • James Capel Securities (CRD#:15390)

Kurta Law Can Help

If you worked with Gerard Raho and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.