Daeil Ro, formerly of Merrill Lynch, Barred by Washington Securities Division for Five Years

Have you lost money with financial advisor Daeil Dave Ro from Tacoma and Federal Way, Washington?  We are continuing our investigation allegations made against Ro.  The Washington Division of Securities brought a regulatory complaint against Daeil Dave Ro, alleging that in 2002, he solicited an investor to invest $2 million in a purported real estate venture in South Korea.

Washington alleged that the property in South Korea was managed by Daeil Ro’s father, Myung Ro.  It was alleged that shortly after this purported investment, Myung Ro diverted $320,000 of the $2 million to purchase a home for himself, his wife, Daiel, and Daiel’s wife, in Kent, Washington.  It was further alleged that Daeil and Myung then conspired to hire this diversion for years.

Daeil Ro was a registered representative and financial advisor with Merrill Lynch from May 1999 to September 2003.  He was also affiliated with:

Morgan Stanley from September 2003 to August 2005;

Waddell & Reed from October 2005 to November 2006;

Citigroup Global Markets from November 2006 to June 2009;

Morgan Stanley again from June 2009 to April 2012; and

Ameriprise Financial Services from April 2012 to June 2016.

Ro operated branch offices in Federal Way, Tacoma, and Bellevue, Washington.

Broker-dealers like Merrill Lynch have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Bellevue, Washington; Vancouver, Washington; and Denver, Colorado.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in the Seattle area, including in Seattle, Federal Way, Burien, Tacoma, Kent, and Auburn.  Attorney David Neuman is licensed to practice law in the State of Washington.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Merrill Lynch, Morgan Stanley, Citigroup, Waddell & Reed, and Ameriprise.

Click to view:  Ro, Daeil Washington Order

Click to view:  Ro, Daeil BrokerCheck 9.22.17

          If you lost money with Daeil Ro or Ameriprise, please CONTACT US at 206-795-5798 or 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.