Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors have reportedly disputed the sales practices of securities broker Ricardo Nkrumah Rose (also known as Richard Rose) [CRD: 4225756, Brooklyn, New York], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ricardo Rose worked for Arive Capital Markets from October 27, 2015, to April 23, 2024. Investors should keep reading to learn more about the disclosures involving this securities broker.
According to FINRA BrokerCheck, a client dispute is pending involving Ricardo Rose during his time at Arive Capital Markets. Evidently, a client filed FINRA Arbitration No. 22-02439 on February 23, 2023, alleging that funds were taken without permission in connection with corporate bonds. The client claims alleged damages of $50,000. The matter remains pending, and Rose has denied any wrongdoing.
Also, a JP Turner client filed FINRA Arbitration No. 22-02531 about Ricardo Rose. Primarily, the client alleged that Rose made unsuitable recommendations. Because of this, the client allegedly experienced damages connected to viatical settlements. Therefore, on February 13, 2024, JP Turner settled this matter by paying the client $65,000 in damages.
Specifically, a client of JP Turner Company disputed Ricardo Rose’s sales practices by filing FINRA Arbitration No. 22-02004 on October 7, 2022. Allegedly, Rose made unsuitable recommendations. It appears that Rose allegedly caused the client to sustain damages relating to real estate securities. As a result, the client seeks compensation from JP Turner Company or Rose in the amount of $315,000 in this ongoing matter.
Have You Made Investments Through Financial Advisor / Securities Broker Ricardo Rose?
Do you have concerns or questions regarding investments you made with Ricardo Rose? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Rose and brokerage firms Rose worked for deny allegations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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