RALPH SEBASTIAN DEVITO is currently employed as a Broker and/or Investment Adviser at THE INVESTMENT CENTER, INC. located at 1420 ROUTE 206 NORTH SUITE 210, BEDMINSTER, NJ, 07921.
RALPH SEBASTIAN DEVITO has worked at THE INVESTMENT CENTER, INC. since July 01, 1986
Disclosure History
RALPH SEBASTIAN DEVITO has 3 Disclosure Event(s).
Date: August 10, 1998 Category: Customer Dispute Allegations: CLAIMANTS ALLEGED UNSUITABLE AND UNAUTHORIZED TRADING IN THEIR ACCOUNT. CLAIMANTS HAD NO JUSTIFIED CLAIMS AGAINST RALPH DEVITO Damage Amount Requested: $1,000,000.00 Settlement Amount: $90,000.00
Date: February 28, 1994 Category: Customer Dispute Allegations: CHURNING; ACCOUNT RELATED FAILURE TOSUPERVISE Damage Amount Requested: $83,175.00 Broker Comment: Not ProvidedCLIENT ALLEGES HER BROKER, MR. JAMES ZHOU, CASHEDCLIENT'S CHECKS TOTALLING $17,500 IN ADDITION TO OTHER CHARGES.MR. WAI SUM YIP & MR. DAVID CHIU WERE BOTH MANAGER OF THEBRANCH AT WHICH MR. JAMES ZHOU WORKED AND BOTH WERE CERTIFIEDSUPERVISORY PRINCIPALS RESPONSIBLE FOR & INDIRECT CHARGE OF THEDAY TO DAY OPERATIONS OF THE BRANCH & MR. ZHOU. I HAVE BEENMALICOUSLY NAMED AS A DEFENDENT IN THIS CASE EVEN THOUGH I HADNO SUPERVISORY RESPONSIBILITY OVER MR. ZHOU & I AM PROCEEDINGWITH LEGAL ACTION TO REMOVE MYSELF FROM THIS CASE.
Date: January 04, 1994 Category: Customer Dispute Allegations: FAILURE TO EXECUTE A TRADE Damage Amount Requested: $25,500.00 Broker Comment: CASE WAS SETTLED AND COUNTER CLAIM WAS MADE ANDSETTLED WITH TRIMARK SECUTITIESI WAS ERRONEOUSLY NAMED IN THIS CASE AND CHARGESWERE SUBSEQUENTLY DROPPED. THE INVESTMENT CENTER, INC. SETTLEDWITH THE CLIENTS. THE INVESTMENT CENTER, INC. COUNTER-SUEDTRIMARK SECURITIES, WHO IN TURN SETTLED WITH THE INVESTMENTCENTER, INC. ON 11/09/94
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