Michael Ralby, formerly with Morgan Stanley, Barred from the Securities Industry
Have you lost money with financial advisor Michael Ralby of Boca Raton, Florida? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Michael Bruce Ralby. FINRA barred Ralby from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Ralby for allegations that he accepted loans from a customer, which generally violates FINRA rules. Brokers generally cannot accept loans from customers without authorization from their brokerage firm.
Michael Ralby was a financial advisor and registered representative of Morgan Stanley from July 2013 to January 2018. He worked at a branch office in Boca Raton, Florida. Ralby has been the subject of six customer complaints according to BrokerCheck.
Brokerage firms like Morgan Stanley have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms 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 Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout southern Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Morgan Stanley.
Click to view: Ralby, Michael FINRA AWC
Click to view: Ralby, Michael BrokerCheck 3.6.18
If you lost money with Michael Ralby or Morgan Stanley, please CONTACT ISRAELS & NEUMAN at 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.