Raymond Ferro – Ex-Woodbury Financial Broker – Faces Allegations of Theft

Raymond Ferro of Danbury Connecticut allegedly wrongfully transferred $330,000 from a client’s bank account to his own bank account.

Sonn Law Group represents a customer where Ray Ferro is accused of elder abuse, theft and unsuitable annuities and life insurance sales. Ray ferro passed away this year. If you were a customer of Ray Ferro and he sold you annuities or life insurance since 2012, we would like to hear from you. Please contact us today for a free review of your case.

Raymond Ferro (CRD#: 1927831) was previously employed by Woodbury Financial from 2013 until 2020. Previously, Ferro was a broker with Next Financial Group in Danbury, CT.

Ferro has four disclosures on his BrokerCheck report.

Raymond Ferro BrokerCheck Disclosures
February 2020 Customer Dispute

• Status: Pending
• Allegations: Attorney on behalf of the client alleges the financial professional wrongfully transferred $330,000 from the client’s bank account to his own bank account.
• Damage Amount Requested: $990,000

Raymond Ferro BrokerCheck Disclosures
September 2014 Judgment / Lien

• Judgment/Lien Amount: $15,205.26
• Judgment/Lien Type: Tax

Raymond Ferro BrokerCheck Disclosures
April 2003 Customer Dispute

• Status: Settled
• Allegations: Customer alleged that unsuitable investments were purchased for customer’s account.
• Damage Amount Requested: $120,000.00
• Settlement Amount: $14,250.00

Raymond Ferro BrokerCheck Disclosures
April 1975 Criminal Judgment

• Status: Final Disposition
• Charges: 1. Petit Larceny 2. Misdemeanor 3. Nolo Contendre 4. Not investment related.
• Charge Type: Misdemeanor
• Disposition: Charges were dismissed granted by Ho. Charles Gheine on 6/25/75.
• Broker Comment: Worked at store while attending college. Turned my back and was an accessory to the shoplifting by some friends at the time.

The Sonn Law Group is representing a victim of alleged theft and elder abuse perpetrated by Ray Ferro. If you’ve suffered losses investing with Ray Ferro, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.