Eric Ruthman Named in Structured Product Dispute

Eric Ruthman (CRD #: 6281076), a broker registered with Purshe Kaplan Sterling Investments, allegedly made unsuitable investment recommendations. This is according to his BrokerCheck record, accessed on August 2, 2025. Investors may have also worked with him through Phase Line Capital. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute 

On April 23, 2025, several investors filed a dispute alleging that Eric Ruthman made unsuitable recommendations of structured products from December 2020 to November 2021. This dispute is currently pending.

Structured products

Structured products combine the features of a bond with a derivative component, e.g. swaps, futures, or options. Investors’ returns depend on the performance of this derivative component.

Because of their complexity, it’s crucial for investors to understand the features and risks of structured products before buying in.

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information 

Eric Ruthman has passed the following exams:

• Series 66 – Uniform Combined State Law Examination 
• Series 99TO Operations Professional Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 9 states and the District of Columbia. He is a registered investment adviser in Georgia and North Carolina. 

In his 11 years of experience, Eric Ruthman has registered with four firms: 

• Purshe Kaplan Sterling Investments (CRD #: 35747) 
• LPL Financial (CRD #: 6413) 
• Edward Jones (CRD #: 250)

Kurta Law Can Help 

If you have worked with Eric Ruthman and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.