William Romeo Named in New York Regulatory Action

William Romeo (CRD #: 1041846), a broker registered with RNR Securities, was named in a state regulatory action involving his firm, according to his BrokerCheck record, accessed on May 23, 2023. Investors may have also engaged his services through R&R Financial Planners. Keep reading if you want to know more about his alleged conduct as a broker.

New York Regulatory Action

On March 9, 2023, the New York State Department of Financial Services named William Romeo in a regulatory action alleging that RNR Securities failed to report a fine by the Florida Office of Financial Regulation on or about August 30, 2018, within the required 30 days.

The Department further alleged that on February 28, 2019, RNR Securities provided materially incorrect information on the firm’s renewal application for an insurance agent’s license by failing to disclose the 2018 fine and that the firm had been censured and fined by FINRA on or about December 15, 2017.

The firm entered a stipulation and consent order with the Department and consented to a sanction of $2,000.

New York Insurance Law

Section 2110(i) of the New York Insurance Law requires licensed insurance producers to report administrative actions taken against them within 30 days of the final disposition of the action.

Section 2110(a)(2) allows the Department of Financial Services to suspend, revoke, or refuse to renew an insurance license if the licensee has provided materially incorrect, misleading, incomplete, or untrue information in their license application.

FINRA Rule 2010

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

Background Information

William Romeo has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 51 – Municipal Fund Securities Principal Examination
• Series 24 – General Securities Principal Examination

William Romeo is a registered broker in 32 states as well as the District of Columbia and Puerto Rico. He is also a registered investment adviser in Florida and New York.

He has also worked for the following firms:

• North Nassau Advisors (CRD#:143169)
• EKN Financial Services (CRD#:113525)
• Basic Investors (CRD#:1187)
• J.P. Turner & Company (CRD#:43177)
• First Security Investments (CRD#:24035)
• First Asset Management (CRD#:17341)
• Global Capital Securities (CRD#:13358)     
• Mony Securities Corporation (CRD#:4386)

Kurta Law Can Help

If you worked with William Romeo 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.