Investor Alleges John Ryan Recommended Unsuitable Investment

John Ryan (CRD #: 2564445), a broker registered with UBS Financial Services, was the subject of a recent dispute, according to his BrokerCheck record, accessed on March 8, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On December 12, 2022, an investor filed a dispute alleging that John Ryan recommended an unsuitable investment in an aggressive growth fund between October 9, 2020, and November 30, 2022. The client alleged that this fund was unsuitable given his age. The firm denied the dispute.

Investors should be aware, however, that firms don’t need to allow an external review before denying a dispute. Investors can still pursue FINRA arbitration and potentially recover their losses after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account an investor’s risk tolerance, tax status, age, and other information described in their profile.

Investors who rely on brokers for investment recommendations can potentially recover their losses by seeking out FINRA arbitration.

Background Information

John Ryan has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 3 – National Commodity Futures Examination
• Series 7 – General Securities Representative Examination

John Ryan is a registered broker in 12 states and a registered investment adviser in Connecticut and Texas.

He previously worked for Lehman Brothers (CRD#:7506).

Kurta Law Can Help

If you worked with John Ryan and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.