Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals important details about securities broker Ronnie Rindon Dumag (also known as Ronnie R. Dumag) [CRD: 4783585, Sacramento, California]. Dumag worked for PFS Investments Inc. from August 16, 2004, to May 22, 2024. Recently, Dumag faced allegations involving harm to an elderly client. Evidently, FINRA barred him from the securities industry after he refused to cooperate with their investigation. Keep reading to learn more about the disclosures involving this broker.
On June 13, 2024, FINRA barred Ronnie Dumag after he refused to cooperate with their investigation. The probe was initiated to assess Dumag’s potential conversion of funds from an elderly client. FINRA requested Dumag to provide documents and information on February 16, 2024, regarding his interactions with the client. However, on May 28, 2024, Dumag informed FINRA that he would not comply with the request. So, Dumag violated FINRA Rules 2010 and 8210, leading to his permanent bar from the securities industry.
PFS Investments Terminated Ronnie Dumag Following Customer Loan Allegations
On May 22, 2024, PFS Investments Inc. allowed Ronnie Dumag to resign after allegations surfaced that Dumag borrowed money from a securities client. The firm stated that Dumag admitted to borrowing funds from the client.
Contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney for more information. Dumag and the firms he worked for deny the accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm handles cases on a contingency basis.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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