Ron Willoughby Was Suspended for Three Months for an Unsuitable Pattern of Short-Term Trading
If you’ve lost money investing with Ron Willoughby or Morgan Stanley, you may have a claim. Contact Sonn Law today by filling out our form to submit a confidential message, or call us anytime at 866–827–3202 to schedule a free consultation.
Ron Willoughby (CRD#: 2425926) is a registered broker and investment advisor. Since March of 2018, Mr. Willoughby has been employed at Kestra Investment Services in Venice, California. Prior to that, he was associated with Morgan Stanley in Tempe, AZ (2009 to 2016).
On June 6th, 2019, Ron Willoughby was fined $5,000 by FINRA and suspended from the securities industry for 90 days after an investigation revealed that he improperly engaged in a pattern of unsuitable trading within a customer’s brokerage account.
Broker Sanctions: Former Morgan Stanley Advisor Ron Willoughby
The underlying misconduct in this case dates back to when Ron Willoughby was employed at Morgan Stanley. In October of 2017, he settled a FINRA arbitration claim with an investor for $33,035.29 in compensation. After reviewing the allegations against the broker, FINRA assessed that he engaged in an unsuitable pattern of short-term trading within multiple customer accounts.
This type of misconduct is often referred to as ‘churning’. Without admitting to or denying the allegations, Mr. Willoughby consented to a $5,000 fine and three month suspension from the industry. His suspension runs from July 1st, 2019 until September 30th, 2019.
Jeffrey R. Sonn has deep experience handling the complete range of unsuitable investment claims. If you or your family member sustained large investment losses with Ron Willoughby, Mr. Sonn is available to help. Please contact our legal team today for a free claim evaluation.