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Ryan Beck Allegedly Executed Unauthorized Transactions

Ryan Beck (CRD #: 2582002), a broker registered with Osaic Wealth, is facing an investor dispute. This is according to his BrokerCheck record, accessed on August 10, 2023. Details are provided below. 

On July 6, 2023, an investor alleged that Ryan Beck executed unauthorized transactions. The dispute was denied. Investors should know, however, that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.

FINRA Rule 3260

FINRA Rule 3260 limits brokers’ trading discretion to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved for discretionary trading is unauthorized. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading is an automatic violation of FINRA Rule 2010. 

Background Information 

Ryan Beck has passed the following exams:

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 33 states and is a registered investment adviser in Oregon and Washington. 

Ryan Beck has registered with the following firms: 

  • Osaic Wealth (CRD #: 23131) 
  • Great American Advisors (CRD #: 36451) 
  • Arm Securities Corporation (CRD #: 932) 

Kurta Law Can Help

If you worked with Ryan Beck 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.

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