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Ralph Stockemer Allegedly Aided the Misappropriation of Funds

Ralph Stockemer (CRD #: 1844056), a broker registered with Northwestern Mutual Investment Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 19, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On June 24, 2024, co-trustees of a family trust alleged that the account owner’s son and grandson misappropriated funds by exercising undue influence over the account owner and directing her to authorize transfers into and out of an investment advisory account for the benefit of the son and grandson. 

Claimants alleged that Ralph Stockemer, who is not related to the account owner, her son, or her grandson, aided and abetted the son’s and grandson’s tortious conduct. 

The claimants are seeking $1,000,000. 

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Aiding misappropriation violates this rule. 

Background Information 

Ralph Stockemer 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 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in 22 states. 

Kurta Law Can Help 

If you worked with Ralph Stockemer and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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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