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Ronald Denova Allegedly Recommended Unsuitable Investments

Ronald Denova (CRD #: 1673284), a broker registered with Ameriprise Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 7, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On February 8, 2024, an investor alleged that Ronald Denova recommended unsuitable investments that were unsuitable for the customer’s investment objectives and risk tolerance. 

FINRA Rule 2111 – 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. 

Background Information 

Ronald Denova 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 is a registered broker in 16 states and is a registered investment adviser in Idaho and Texas. 

During his 14 years of experience, Ronald Denova has registered with five firms: 

  • Ameriprise Financial Services (CRD #: 6363) 
  • LPL Financial (CRD #: 6413) 
  • National Planning Corporation (CRD #: 29604) 
  • National Planning Corporation (NPC of America) (CRD #: 29604) 
  • Cetera Investment Advisers (CRD #: 105644) 
  • Cetera Investment Services (CRD #: 15340) 

Kurta Law Can Help 

If you have worked with Ronald Denova and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.

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