RALPH JAMES 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 JAMES DEVITO has worked at THE INVESTMENT CENTER, INC. since July 01, 1986
Disclosure History
RALPH JAMES DEVITO has 5 Disclosure Event(s).
Date: December 11, 2012 Category: Regulatory Initiated By: STATE OF NJ DEPARTMENT OF INSURANCE AND BANKING Allegations: DUE TO CLERICAL OVERSIGHT, THE INVESTMENT CENTER, INC. DID NOT TIMELY INFORM THE NJ INSURANCE COMMISSIONER OF PRIOR REPORTED PROCEEDING BY THE NJ BUREAU OF SECURITIES. Resolution: Consent SanctionDetails: Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails: Amount: $500.00 Broker Comment: CONSENT ORDER WAS FILED JOINTLY WITH THE INVESTMENT CENTER, INC. THE B/D PAID THE FINE - I WAS NAMED AS THE DESIGNATED RESPONSIBLE INSURANCE PRODUCER.
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: July 15, 1994 Category: Customer Dispute Allegations: SUITABILITY; UNAUTHORIZED TRADING; ACCOUNTRELATED-NEGLIGENCE; BREACH OF FIDUCIARY DUTY Damage Amount Requested: $197,000.00 Settlement Amount: $160,000.00 Broker Comment: NOT PROVIDEDI HAD NO INVOLVEMENT WITH THESE CLIENTS AND WASNAMED IN ERROR. I AM AWAITING A PANEL TO REQUEST THAT MY NAMEDBE DROPPED FROM THIS ARBITRATION. ALL ALLEGATIONS AGAINST MEARE WITHOUT MERIT.
Date: February 28, 1994 Category: Customer Dispute Allegations: CHURNING AND FAILURE TO SUPERVISE Damage Amount Requested: $83,175.00 Broker Comment: Not ProvidedCLIENT ALLEGES BROKER CASHED CLIENT CHECKSTOTALING $17,725.00. I WAS NAMED AS AN OFFICER OF THE FIRM.
Date: January 04, 1994 Category: Customer Dispute Allegations: FAILURE TO EXECUTE TO TRADE Damage Amount Requested: $25,500.00 Broker Comment: CASE WAS SETTLED AND COUNTER CLAIM WAS MADE ANDSETTLED WITH TRIMARK SECURITIES.I 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
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for RALPH JAMES DEVITO, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.