Philip Ranalli Allegedly Recommended Unsuitable Investments

Philip Ranalli (CRD #: 3045355), a broker registered with Osaic Wealth, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on September 6, 2025. Keep reading if you have questions regarding his alleged conduct. 

Investor Dispute 

On June 26, 2025, an investor alleged that Philip Ranalli engaged in misappropriation and recommended unsuitable investments. The investor sought $70,762.73, but the dispute was denied. Investors should know, however, that firms can deny disputes without any external review. Investors can still recover losses following a denial. 

Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of Rule 2111 also violate this rule. 

Background Information 

Philip Ranalli has passed the following exams: 

• Series 24 General Securities Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination
• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination 

He is a registered broker in 15 states and is a registered investment adviser in New Jersey. 

Philip Ranalli has registered with the following firms: 

• Osaic Wealth (CRD #: 23131) 
• Wealth Management Associates (CRD #: 117696) 
• Securities America (CRD #: 10205) 
• LPL Financial (CRD #: 6413) 
• Prudential Securities Incorporated (CRD #: 7471) 

Kurta Law Can Help

If you worked with Philip Ranalli and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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 that 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.