Oct '24 • General Education
Protect Yourself! Gregory Ritter - Emerson Equity - Financial Advisor Fraud Alert
Last Updated: October 2024 (Delaware, OH)
Gregory Ritter Financial Advisor Fraud Alert
Gregory Ritter's FINRA record reveals concerning allegations including breach of fiduciary duty, negligence, and violation of Regulation Best Interest. He is currently facing a $135,000 customer dispute and has a history of employment termination for document falsification. If you are a victim of investment fraud from the misdeeds of Gregory Ritter of Emerson Equity LLC, contact the financial fraud lawyers at Patil Law immediately by calling (800) 950-6553 to request a free case evaluation.
National securities fraud lawyers Patil Law, P.C., are investigating broker Gregory Ritter (CRD #3087358), a financial advisor at Emerson Equity LLC, who is facing allegations related to corporate debt investments and violations of securities regulations.
Critical insights about Delaware, OH stockbroker Gregory Ritter
- Advisor Name: Gregory Jonathan Ritter
- CRD: 3087358
- Location: Delaware, OH
- Current Employer: Emerson Equity LLC
- Classification: Stockbroker + Financial Advisor
- Primary Location: 40 North Sandusky Street, Suite 300, Delaware, OH 43015
- Can Gregory Ritter be sued in private FINRA arbitration: Yes
- Has Mr. Ritter been disciplined by FINRA: No
- Total Number of Disclosures: 2 (1 Customer Dispute, 1 Employment Termination)
- Current Pending Dispute: $135,000 in alleged damages
- Licensed in: 11 U.S. states and territories
Lost Money With Stockbroker Gregory Ritter?
Gregory Ritter is currently facing serious allegations of misconduct:
Current Pending Arbitration (September 2024):
- FINRA Case Number: 24-02050
- Alleges breach of fiduciary duty, negligence, and violation of Regulation Best Interest
- Claims $135,000 in damages plus additional compensation as deemed appropriate
- Involves corporate debt securities
- Case currently pending resolution
Employment Termination (October 2009):
- Discharged from JPMChase Bank for allegedly falsifying dates on client documents
- According to Ritter's statement, the modification was made to preserve a mutual fund trade that had appreciated in the client's favor
- The incident involved altering dates on a mutual fund disclosure form
Allegations of Broker Misconduct Against Gregory Ritter
The current pending case against Ritter involves multiple serious allegations:
- Breach of fiduciary duty in handling client investments
- Violation of SEC Regulation Best Interest, which requires broker-dealers to act in retail customers' best interest
- Negligence in managing client accounts
- Violations of securities rules and regulations related to corporate debt investments
- Potential violations of FINRA Rule 2010 requiring high standards of commercial honor
The prior employment termination raises concerns about document handling practices and potential violations of firm policies regarding accurate record-keeping, though Ritter maintains the alterations were made to benefit the client.
Need Help Recovering Your Investment Losses?
If you have suffered investment losses in an account handled by Gregory Ritter or have a question about the performance of your account, please contact Patil Law, P.C. online or (800) 950-6553 for a free initial consultation. The cases are handled on a contingency basis and Patil Law, P.C. does not get paid unless we win for you.
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Protect Yourself! Gregory Ritter - Emerson Equity - Financial Advisor Fraud Alert
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