Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Meyer Wilson Investigating Claims Against Former Broker Ronald W. Nichter

Meyer WilsonFormer Cantella & Co., Inc. broker Ronald W. Nichter has signed and submitted a Letter of Acceptance, Waiver, and Consent pursuant to FINRA Rule 9216. Nichter, who joined the securities industry in December of 2008, allegedly misappropriated funds from roughly 10 customers in the amount of $140,000.

According to the allegations, Nichter forged his clients’ signatures on Letters of Authorization requesting that checks be issued to the customers from their brokerage accounts. Nichter allegedly acquired these checks, endorsed them himself, and placed the money in his own personal account. He is accused of using the funds for his own expenses without the consent or knowledge of his customers.

According to FINRA, Nichter’s alleged misconduct violated FINRA Rule 2010, NASD Rule 2330(a), and FINRA Rule 2150(a). By signing the AWC, Nichter consented to a permanent bar from associating with any FINRA member in all capacities.

If you invested and lost money with former Cantella & Co., Inc. broker Ronald W. Nichter, you may be able to recover your losses against Cantella.

Our security fraud attorneys at Meyer Wilson are currently investigating claims against Nichter for his alleged misconduct. If Nichter was your financial advisor, schedule a free consultation with our firm and discuss our options with our team. We may be able to help you.

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