DID RALPH SIEGFRIED WALLER CAUSE YOU INVESTMENT LOSSES?
Ralph Waller Of Woodbury Financial Services, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Ralph Waller Of Woodbury Financial Services, Inc.?
Ralph Waller (CRD #3196853) has a robust career in the financial services industry. He is currently employed by OSAIC Wealth, Inc. in Peachtree City, Georgia, since January 19, 2024. Waller has passed three general industry/product exams—the Securities Industry Essentials Examination, the General Securities Representative Examination, and the Investment Company Products/Variable Contracts Representative Examination—and two multi-state securities law exams—the Uniform Investment Adviser Law Examination and the Uniform Securities Agent State Law Examination. His professional journey includes previous registrations with firms such as Woodbury Financial Services, Inc., where he worked from December 2000 to January 2024, and ProEquities, Inc., where he was registered from June 1999 to December 2000. Waller is licensed in 17 U.S. states and territories, reflecting his extensive practice across different regions.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Ralph Waller Customer Complaints and Reviews
Ralph Siegfried Waller has two customer disputes reported:
- Customer Dispute 1 (Settled):
- Date Received: February 3, 2020
- Allegations: The customer alleged that safety objectives were disregarded with 100% portfolio concentration in a single security (mutual fund and MLP).
- Outcome: The dispute was settled on March 8, 2021, for $215,000. Waller did not contribute personally to the settlement. The broker stated that the concentration of which the claimant complained was the client’s absolute demand, and he had recommended diversification.
- Customer Dispute 2 (Denied):
- Date Received: January 23, 2022
- Allegations: The customer alleged that Waller did not act in her best interest when recommending the redemption of a variable annuity.
- Outcome: The complaint was denied on April 1, 2022. The firm made a good faith determination that the alleged damages would be $5,000 or more, but the complaint was closed with no action taken.
Allegations Against Ralph Waller
The specific allegations against Ralph Siegfried Waller in the disclosed events include:
- Customer Dispute 1:
- Allegation: The client claimed that Waller disregarded safety objectives by concentrating the portfolio in a single security.
- Outcome: The case was settled for $215,000 without Waller contributing personally. Waller stated that the client insisted on the concentration despite his recommendation for diversification.
- Customer Dispute 2:
- Allegation: The customer alleged that Waller did not act in her best interest concerning the redemption of a variable annuity.
- Outcome: The complaint was denied after the firm determined that no action was warranted, concluding the case with no settlement or finding of wrongdoing against Waller.
Ralph Waller Red Flags & Your Rights As An Investor
Of course, Ralph Waller did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Ralph Waller at Woodbury Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Ralph Waller has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Woodbury Financial Services, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Woodbury Financial Services, Inc. Due To Ralph Waller
If you have questions about Woodbury Financial Services, Inc. and/or Ralph Waller and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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