Former 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
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.