DID RONALD GENE CHRONISTER CAUSE YOU INVESTMENT LOSSES?
Ronald Chronister Formerly With LPL Financial LLC was terminated on July 29, 2024, following the discovery of the unauthorized trade
Who is Ronald Chronister formerly with LPL Financial LLC?
Ronald Chronister (CRD #3255653) who was formerly registered as a broker with LPL Financial LLC and located in Wichita, Kansas, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Ronald Chronister Employment History
Ronald Gene Chronister has an extensive background in the securities industry, having worked for two firms over his career. He was most recently registered with LPL Financial LLC from November 2003 to July 2024 and with New England Securities from August 1999 to November 2003. Throughout his career, Ronald has passed three General Industry/Product exams, including the Series 7 and Series 6, and two Multi-State Securities Law exams, including the Series 63 and Series 65. He is not currently registered with any firm.
Allegations Against Ronald Chronister
Ronald Gene Chronister has two notable disclosures on his record that may be of concern to potential investors:
- Regulatory Action:
- On June 21, 2024, Ronald Chronister was involved in a regulatory action initiated by FINRA, where he was sanctioned for effecting an unauthorized trade in the account of a deceased customer. The trade was made to fund the customer’s required minimum distribution, and it was later discovered that the customer had already passed away. Ronald falsely stated that he had spoken with the customer earlier in the month about the trade. He was suspended for 45 days, from July 15, 2024, to August 28, 2024, and fined $7,500.
- Employment Termination:
- On July 29, 2024, Ronald was discharged from LPL Financial LLC following the discovery of the unauthorized trade in the account of a deceased customer, as described in the regulatory action above. The firm terminated his employment due to the severity of the incident.
Ronald Chronister Red Flags & Your Rights As An Investor
Of course, Ronald Chronister 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 coupled with the recent termination are red flags which should put all current and former customers of Ronald Chronister at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Ronald Chronister has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firms’ 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 LPL Financial LLC Due To Ronald Chronister
If you have questions about LPL Financial LLC and/or Ronald Chronister 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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