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Michael Ralby Formerly With Morgan Stanley Has 9 Customer Complaints For Alleged Broker Misconduct

Who is Michael Ralby formerly with Morgan Stanley?

Michael Ralby (CRD #1301072) who was formerly registered with Morgan Stanley and located in Boca Raton, Florida is a subject of one of our many securities industry sales practice abuse investigations.

We are not the only ones who investigated Michael Ralby. In 2018, Fenner open an investigation into whether Michael Rall be had accepted loans from a customer in violation of FINRA rules. He refused to appear for  FINRA on-the-record testimony and was subsequently barred from any further association with any member firm in any capacity.

Michael Ralby Customer Complaints

Michael Ralby has been the subject of 9 customer complaints that we know about. One of Michael Ralby’s 9 customer complaints resulted in an arbitration award in favor of investors. Three of Michael Ralby’s 9 customer complaints were settled in favor of investors. Three of Michael Ralby’s customers’ complaints were denied and, to date, the customers have not taken any further action. There are currently two pending customer complaints filed against Stanford Group for investment losses caused by Michael Ralby’s alleged misconduct.

Allegations Against Michael Ralby

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Claimants alleged, inter alia, unsuitability with respect to investments by Michael Ralby.
  • Client alleged Michael Ralby engaged in unauthorized trading.
  • Client alleged unsuitability, inter alia, with respect to investments made by Michael Ralby.
  • Client alleged unsuitability, inter alia, with respect to investments made by Michael Ralby.
  • Client alleged unsuitability with respect to purchase of structured products recommended by Michael Ralby.
  • Customer alleged being misled by Michael Ralby regarding the risk level of his purchase of the Stanford International Bank CD.
  • Plantiffs alleged civil conspiracy and willfull statutory violation of Florida Statutes Section 627.4137 by Michael Ralby.

Michael Ralby Red Flags & Your Rights As An Investor

Of course, Michael Ralby did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Ralby at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Michael Ralby has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Morgan Stanley also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Morgan Stanley Due To Michael Ralby

If you have questions about Morgan Stanley and/or Michael Ralby and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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