Broker Ronald Franklin Metcalf Complaints – Compensation & Help

Investment Loss Allegations Against Ronald Franklin Metcalf Jr., Registered Broker and Investment Adviser in Greenville SC

Registered broker and investment adviser Ronald Franklin Metcalf Jr. has been the subject of five customer disputes related to his work for Voya Financial Advisors, according to Financial Industry Regulatory Authority’s (FINRA) BrokerCheck.  Mr. Metcalf has also been an agent for Reliastar and owns Metcalf and Associates, inc. in Greenville, South Carolina.

Customer Disputes Regarding Ronald Franklin Metcalf Jr.

Three of Metcalf’s Voya Financial Advisors customers have settled their disputes after stepping forward with allegations against him.

Most recently, the broker disclosed an allegation that the broker had failed in his duty to adequately supervise his representatives involved in real estate securities. The alleged damages in this claim total $50,000. The matter was set for arbitration within the FINRA Office of Dispute Resolution, but in February 2021, Voya settled the matter in the amount of $152,500.

Metcalf stood accused of this same failure twice before. In November 2019, a customer made the same allegation, with stated damages of $100,000. The case reportedly settled for $80,000. In October of the same year, another such allegation surfaced, with alleged damages of $100,000. This matter settled in the amount of $575,000, says BrokerCheck.

The broker now faces two additional, pending disputes alleging the same failure to adequately supervise his representatives. Alleged damages in both cases are reportedly $5 million.

 
 
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