• March 11, 2024
• Inc.
• Sagepoint Financial, Inc.

Ran Regev (CRD#: 5469190) is a FINRA registered Financial Advisor.

Broker’s Background

Ran Regev entered the securities industry in 2008. He previously worked with Metlife Securities, Inc. and Sagepoint Financial, Inc., which is now owned by Osaic Wealth, Inc.  Ran Regev is located in Fort Lauderdale, FL.

Allegations of Conduct Leading to Investment Loss

The Wolper Law Firm has been contacted by clients of Ran Regev, who experienced investment loss, as a result of a high velocity trading strategy involving equities and exchange traded funds (ETFs), primarily in the technology sector.  Although these allegations are unproven, the Wolper Law Firm has been retained to pursue a FINRA arbitration claim against Sagepoint Financial n/k/a Osaic, to recover investment losses.

High velocity, short-term trading occurs when securities are purchased and sold within a short period of time.  Short-term trading is considered a speculative strategy that is based on market timing or technical indicators as opposed to fundamental research.  Short-term traders often seek to make small profits on many trades as part of an overall strategy instead of buying and holding high quality companies for the long-term.  Short-term trading may decrease the odds of realizing profitability in an overall investment strategy because it necessarily requires that a larger number of trades become profitable.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Ran Regev has been the subject of one prior customer complaint and one financial disclosure.  In March 2023, a customer alleged that “THE REPRESENTATIVE PROVIDED INCORRECT INFORMATION WHEN FUNDS WERE TRANSFERRED FROM AN EXISTING VARIABLE ANNUITY INTO A NEW VARIABLE ANNUITY, ON APRIL 12, 2012. NO SPECIFIC COMPENSATORY DAMAGES WERE ALLEGED.”  The matter was settled for $15,385.  In June 2014, Ran Regev made an additional disclosure regarding a financial event, which was later satisfied/released.

For a copy of Ran Regev’s FINRA BrokerCheck, click here.

 

We Help Investors Recover Investment Losses

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Reasonable basis suitability requires that a recommended investment or investment strategy be suitable or appropriate for at least some investors. Reasonable basis suitability requires an advisor to conduct adequate due diligence so that he or she can determine the risks and rewards of the investment or investment strategy.

 

Quantitative suitability requires a brokerage firm or financial advisor with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions – even if suitable when viewed in isolation – is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile. No single test defines excessive activity, but factors such as the turnover rate, the cost-equity ratio, and the use of in-and-out trading in a customer’s account may provide a basis for a finding that a member or associated person has violated the quantitative suitability obligation.

 

Customer-specific suitability requires that a member or associated person have a reasonable basis to believe that the recommendation is suitable for a particular customer based on that customer’s investment profile. Among the criteria that a financial advisor must evaluate to satisfy his or her customer-specific suitability obligations include the investor’s age, tax status, time horizon, liquidity needs, and risk tolerance; a client’s other investments, financial situation and needs, investment objectives, and any other information disclosed by the customer should also be considered.

 

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.