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
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
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