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FINRA Broker Allegations

Allegations against: Ralph E Derose

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: **negligence, failure to supervice, suitability, breach of fiduciary duty** claimant alleged that roney and mr. Derose were negligent in their choices and handling of his accounts due to lack of diversification and the purchasing of speculative, small-cap stocks. Claimant further alleged an inadvisable concentration of quigley stock in both of his accounts. As a result, calimant sought a money judgment in excess of $100,000.

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