Investors Allege Ronald Metcalf Failed to Supervise

Ronald Metcalf (CRD #: 1280602), a broker registered with Cetera Advisor Networks, allegedly failed to supervise other brokers, according to his BrokerCheck record, accessed on June 29, 2023. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

Two disputes filed on April 3, 2023, alleged that Ronald Metcalf failed to supervise another broker. Clients seek a total of $989,897 in damages in these pending disputes.

Six disputes filed in 2020 and 2021 named Ronald Metcalf in similar allegations of failure to supervise other brokers. These disputes were settled for a collective $12,923,725.18.

Disputes filed on October 14 and November 18, 2019, alleged that Ronald Metcalf failed to supervise other brokers who sold unsuitable products to clients. These disputes were settled for a total of $655,000.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish systems of supervision over their employees in order to detect and prevent violations of securities regulations. Firms must appoint supervisors and provide them with Written Supervisory Procedures (WSPs) to follow.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consider the information in an investor’s profile, such as their age, risk tolerance, and tax status.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

Background Information

Ronald Metcalf has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• 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
• Series 24 – General Securities Principal Examination

Ronald Metcalf is a registered broker in 49 states and the District of Columbia. He is also a registered investment adviser in South Carolina and Texas.

He has also worked for Voya Financial Advisors (CRD#:2882).

Kurta Law Can Help

If you worked with Ronald Metcalf 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.