Did you lose money with Ralph DeRose and Wunderlich Securities? If so, please call the securities attorneys of Stoltmann Law Offices at 312-332-4200 for a free consultation to find out how you can recover your losses. There is no obligation. We may be able to help you bring a claim against Wunderlich for money losses on a contingency fee basis which means we don’t get paid unless you recover. There is a statute of limitations on most cases so please call today.
DeRose was accused of mismanaging a customer account, breaching fiduciary duties, failing to follow instructions to sell, failing to diversify the account holdings and overly concentrated the account in energy related securities. These are all violations of industry rules, and Wunderlich may be responsible for your losses because it failed to properly supervise him. A three person arbitration panel decided to award the clients of DeRose $1,045,000 in compensatory damages and assessed all costs and fees of the arbitration against Wunderlich.
According to his online public record with the Financial Industry Regulatory Authority (FINRA), DeRose was previously registered with Painewebber, Roney & Co., Raymond James, Ferris, Baker Watts and RBC Capital Markets. He is currently registered with Wunderlich in Beachwood, Ohio and has been since October 2010. He has three customer disputes against him.
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