Ronnie Metcalf, Broker with Cetera Advisors, Accused of Failure to Supervise

Metcalf is facing six pending customer disputes.

Ronald Franklin Metcalf Jr. (CRD#: 1280602) is registered as a broker and investment adviser with Cetera Advisor Networks, LLC, where he has been employed since June 2021. Previously, Metcalf was registered as a broker and investment adviser with Voya Financial Advisors from 2000 until 2021.

Metcalf has ten disclosures on his BrokerCheck report. 

April 2021 Customer Dispute

• Status: Pending
• Allegations: Statement of Claim alleges representative failed in his duty to adequately supervise the subject representatives.
• Damage Amount Requested: $500,000.00

March 2021 Customer Dispute

• Status: Pending
• Allegations: Statement of Claim alleges representative failed in his duty to adequately supervise the subject representatives.
• Damage Amount Requested: $500,000.00

March 2021 Customer Dispute

• Status: Pending
• Allegations: Statement of Claim alleges representative failed in his duty to adequately supervise the subject representatives.
• Damage Amount Requested: $500,000.00

March 2021 Customer Dispute

• Status: Pending
• Allegations: Statement of Claim alleges representative failed in his duty to adequately supervise the subject representatives.
• Damage Amount Requested: $50,000.00

March 2021 Customer Dispute

• Status: Pending
• Allegations: Statement of Claim alleges representative failed in his duty to adequately supervise the subject representatives.
• Damage Amount Requested: $50,000.00

July 2020 Customer Dispute

• Status: Pending
• Allegations: Statement of Claim alleges representative failed in his duty to adequately supervise the subject representatives.
• Damage Amount Requested: $5,000,000.00

July 2020 Customer Dispute

• Status: Settled
• Allegations: Statement of Claim alleges representative failed in his duty to adequately supervise the subject representatives.
• Damage Amount Requested: $5,000,000.00
• Settlement Amount: $3,500,000.00

July 2020 Customer Dispute

• Status: Settled
• Allegations: Statement of Claim alleges representative failed in his duty to adequately supervise the subject representatives.
• Damage Amount Requested: $50,000.00
• Settlement Amount: $152,500.00
• Broker Comment: The Firm denies any and all allegations of wrongdoing and have settled this matter solely to avoid the expense associated with an arbitration proceeding.

November 2019 Customer Dispute

• Status: Settled
• Allegations: Allegations include that representative failed in his responsibilities to adequately supervise the representatives that sold unsuitable products to claimants.
• Damage Amount Requested: $100,000.00
• Settlement Amount: $80,000.00
• Broker Comment: The Firm denies any and all allegations of wrongdoing and have settled this matter solely to avoid the expense associated with an arbitration proceeding.

October 2019 Customer Dispute

• Status: Settled
• Allegations: Allegations include that representative failed in his responsibilities to adequately supervise the representatives that sold unsuitable products to claimants.
• Damage Amount Requested: $100,000.00
• Settlement Amount: $575,000.00
• Broker Comment: The Firm denies any and all allegations of wrongdoing and have settled this matter solely to avoid the expense associated with an arbitration proceeding.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Ronnie Metcalf. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.