Did you lose money investing with Ralph Vonlutzow (a/k/a Ralph Leatzow, Jr Leatzow) (CRD# 455680)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Ralph Vonlutzow (a/k/a Ralph Leatzow, Jr Leatzow). If you suffered losses investing with Ralph Vonlutzow (a/k/a Ralph Leatzow, Jr Leatzow), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of October 11, 2020, Ralph Vonlutzow (a/k/a Ralph Leatzow, Jr Leatzow)’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
2 Customer Dispute(s)
1 Regulatory Event(s)
See FINRA Letter of Acceptance, Waiver and Consent No. 2017055306401
UPDATE 10/11/2020: According to FINRA’s February 2019 Disciplinary Actions: “Ralph Richard Von Lutzow (CRD #455680, Sarasota, Florida) December 3, 2018 – An AWC was issued in which Von Lutzow was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Von Lutzow consented to the sanction and to the entry of findings that he accepted loans from a senior investor and customer of his member firm, totaling $32,000, without obtaining written pre-approval from the firm. The findings stated that Von Lutzow participated in private securities transactions, for compensation, involving investments made by the customer in a pharmaceutical start-up company without providing prior written notice to or receiving prior written approval from the firm. The findings also stated that Von Lutzow provided false and misleading information to FINRA in response to requests for documents and information during the course of an investigation. (FINRA Case #2017055306401)
Current and Previous Registrations
05/22/2003 – 12/07/2016 OBERWEIS SECURITIES, INC. (CRD#:42060) SARASOTA, FL
09/08/1997 – 06/09/2003 ROSENTHAL COLLINS SECURITIES, L.L.C (CRD#:41915) CHICAGO, IL
06/18/1996 – 09/18/1997 DEAN WITTER REYNOLDS INC. (CRD#:7556) PURCHASE, NY
07/31/1993 – 06/17/1996 SMITH BARNEY INC. (CRD#:7059) NEW YORK, NY
04/15/1991 – 07/31/1993 LEHMAN BROTHERS INC. (CRD#:7506) NEW YORK, NY
03/28/1978 – 04/16/1991 PRUDENTIAL SECURITIES INCORPORATED (CRD#:7471) NEW YORK, NY
11/05/1974 – 05/17/1978 DEAN WITTER & CO. INCORPORATED (CRD#:6466)
03/23/1973 – 11/02/1974 MCCORMICK & CO., INCORPORATED (CRD#:973)
12/27/1965 – 05/04/1973 E. F. HUTTON & COMPANY INC (CRD#:235)
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Ralph Vonlutzow (a/k/a Ralph Leatzow, Jr Leatzow) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
