RONALD P. RAFALOFF (CRD# 1045883) former broker from Bakersfield, California, was barred by FINRA for allegedly using the investment of a 74 year-old woman from Red Bank for his own personal use, guaranteed the client against losses, and making false statements to his employer.
According to FINRA, the client made a $405,000 investment with Rafaloff, and Rafaloff told her he had invested $340,000 in three companies and promised annual returns of 30 percent to 40 percent. None of these companies had enough money to pay the investor what was promised, and one of the companies was founded by Rafaloff and his son only one week before the woman's initial investment. This client received $120,500 from February 2011 - December 2012, but shortly after the payments stopped altogether. Ralaloff, according to FINRA, used $168,000 for his own personal expenses.
Rafaloff, of Ridgewood, New York, worked at Liberty Partners Financial Services LLC based in Bakersfield, California.
Below is a list from FINRA's BrokerCheck of Ronald P. Rafaloff's employers:
08/2010 - 03/2013 LIBERTY PARTNERS FINANCIAL SERVICES, LLC (CRD# 130390) - BAKERSFIELD, CA
07/2010 - 08/2010 EQUITY SOURCE PARTNERS, LLC (CRD# 140227) - HUNTINGTON, NY
08/1996 - 07/2003 RGR FINANCIAL CORP. (CRD# 40898) - FREEHOLD, NJ
07/1996 - 08/1996 JW CHARLES SECURITIES,INC. (CRD# 33832) - BOCA RATON, FL
07/1993 - 06/1996 SMITH BARNEY INC. (CRD# 7059) - NEW YORK, NY
10/1992 - 07/1993 LEHMAN BROTHERS INC. (CRD# 7506) - NEW YORK, NY
10/1986 - 10/1992 ADVEST, INC. (CRD# 10) - HARTFORD, CT
04/1983 - 10/1986 SWINK & COMPANY, INC. (CRD# 7111)
05/1982 - 02/1983 M V SECURITIES, INC. INC. (CRD# 7201)
The Soreide Law Group represents our clients nationwide before FINRA. Call and speak to an attorney at no cost on how to potentially recover financial losses due to your broker or financial advisor: 888-760-6552.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com