Stoltmann Law Offices is investigating Ralph Fetrow, a former broker with Castleview Partners. Mr. Fetrow was terminated from Castleview Partnes in September 2016 after he allegedly violated firm policy and was under investigation for possible violations of firm policies and procedures prohibiting trading away and outside business activities. These outside business activities included Painted Hill Farms, Financial Planning Association, Shippensburg University, RAMS 88 Inc., and Ralph Fetrow Consulting. The selling of notes and other investments outside of a brokerage firm is referred to as “selling away” and oftentimes, brokers who engage in this practice use outside business activities in order to market their securities. It is against securities rules and regulations, and is a tactic used by brokers to be able to keep all of the commissions associated with the product, instead of having to share them with their member firm.
According to his FINRA BrokerCheck report, Fetrow was registered with First Union Brokerage Services in Charlotte, North Carolina from March 1999 until August 2000, JJB Hilliard, WL Lyons in Louisville, Kentucky from November 2000 until June 2001, PNC Capital Markets in Pittsburgh, Pennsylvania from June 2001 until December 2006, PNC Investments in York, Pennsylvania from December 2006 until January 2007, Financial Network Investment Corporation in Dillsburg, Pennsylvania from March 2007 until October 2008 and Invest Financial Corp in Hershey, Pennsylvania from October 2008 until December 2015. He is currently registered with Kovack Securities in LeMoyne, Pennsylvania and has been since February 2016.
If you lost money with Mr. Fetrow, you may be able to bring a claim against his firm, Kovack Securities, in the FINRA arbitration claims process to recover them. We take cases on a contingency fee basis so we only get paid if you recover your losses. The call to us is free with no obligation so please call today.