Ronald Morse Subject of a FINRA Suspension
Ronald Morse (CRD #: 341008), a broker registered with David Lerner Associates, faced a 20-day FINRA suspension that started December 18, 2023. This is according to his BrokerCheck record, accessed on February 14, 2024. Keep reading if you have concerns regarding his alleged conduct.
20-Day FINRA Suspension
On November 27, 2023, Ronald Morse entered into an Acceptance, Waiver, and Consent agreement (AWC) with FINRA in order to settle with the regulator without admitting or denying the findings. The AWC alleged that Ronald Morse created and updated a customer profile document for a senior customer that included inaccurate information and affixed the customer’s signature to the profile without the customer’s permission.
The customer allegedly complained that Ronald Morse made inaccurate changes to her investment objectives, risk tolerance, and liquid net worth. These alleged changes may have put the investor at risk for unsuitable investment recommendations. Following communications with the customer, Ronald Morse revised the customer profile document, which contained some of the changes but maintained inaccuracies regarding the customer’s investment needs.
Terms of the AWC
As part of the terms of the AWC, Ronald Morse consented to a 20-day suspension and a $5,000 fine.
Background Information
Ronald Morse 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
- Series 5 Interest Rate Options Examination
- PC – AMEX Put and Call Exam
- Series 1 Registered Representative Examination
- Series 24 General Securities Principal Examination
- Series 40 Registered Principal Examination
He is registered as a broker in eight states and is a registered investment adviser in Connecticut.
During his 44 years of experience, Ronald Morse has registered with 17 brokerage firms. The following are the three most recent:
- David Lerner Associates (CRD #: 5397)
- Spirit of America Management Corp (CRD #: 1110023)
- Barra Analytics Securities (CRD #: 42929)
Kurta Law Can Help
If you have worked with Ronald Morse and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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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