FINRA Bars Ronnie Dumag after Allegations of Conversion of Customer Funds
According to the Financial Industry Regulatory Authority last month, the regulator has reportedly barred financial advisor Ronnie Dumag (CRD #4783585) from working in the securities industry.
Dumag, who was registered with PFS Investments Securities in Sacramento, CA since 2004, was allegedly permitted to resign after the firm’s investigation. Dumag reportedly refused to produce information and documents requested by FINRA or appear for on-the-record testimony, leading to the bar.
FINRA was reportedly investigating allegations that Dumag converted funds from an elderly customer.
FINRA BrokerCheck – Ronnie Dumag
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA, as well as to review their employment history, licensing status, and any regulatory actions or complaints filed against them.
Ronnie Dumag was reportedly registered with the following brokerage firmduring his career in the securities industry:
08/16/2004 – 05/22/2024, PFS INVESTMENTS INC. (CRD#:10111), SACRAMENTO, CA
Free Consultation with a Securities Attorney
If you have suffered investment losses with Ronnie Dumag and PFS Investments, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.
Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.
With over 30 years of securities law experience, The White Law Group has the expertise to help investors to recover their securities fraud losses.
Tags: broker investigation, PFS Investment, Ronnie Dumag Last modified: July 15, 2024
