Ron Filoramo Fired from Morgan Stanley Following Fraud Allegations

Ron Filoramo (CRD #: 3270398), a broker formerly registered with Morgan Stanley, was fired from that firm following allegations of fraud, according to his BrokerCheck record, accessed on June 22, 2023. Read on if you have questions about his alleged conduct as a broker.

Termination from Morgan Stanley

On May 1, 2023, Ron Filoramo was fired from Morgan Stanley following allegations that he fraudulently induced clients to transfer their funds for investments that were never made.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Investor Disputes

Four disputes, filed in March and April 2023, allege that Ron Filoramo fraudulently induced clients to transfer their funds to purported outside investments during a collective time frame spanning 2016-2022.

The clients further allege that these investments were never made or otherwise cannot be located. They seek a total of $859,983.75 in damages in these pending disputes.

FINRA Rule 3280

FINRA Rule 3280 requires brokers to seek approval from their firm before engaging in private securities transactions. This includes selling away, which is the practice of brokers selling investments not offered or approved by their firm.

Background Information

Ron Filoramo has passed the following exams:

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

He has also worked for the following firms:

• Morgan Stanley (CRD#:149777)
• Wells Fargo Advisors (CRD#:19616)
• UBS Financial Services (CRD#:8174)
• Ladenburg Capital Management (CRD#:14623)
• Ladenburg, Thalmann & Company (CRD#:505)

Kurta Law Can Help

If you worked with Ron Filoramo 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 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.