Ryan Bennett Fired from First Heartland Capital Over Alleged Firm Policy Violations
Ryan Bennett (CRD #: 6274472), a broker formerly registered with First Heartland Capital, allegedly violated several firm policies, according to his BrokerCheck record, accessed on February 14, 2023. Keep reading if you want to know more about his alleged conduct as a broker.
Termination from First Heartland Capital
On January 13, 2023, Ryan Bennett was fired from First Heartland Capital after allegedly engaging in the following forms of misconduct:
- Violating a firm policy requiring the use of a firm-hosted email address for all securities-related communications.
- Violating the firm’s privacy policy by sharing client information with a Registered Investment Advisor (RIA) that was unaffiliated with the firm and the client.
- Violating firm policy by arranging for the extension of credit from a firm client to a business owned by a friend of his.
- Claiming to cease participating in an outside business activity disapproved by the firm, but instead continuing the activity.
- Participating in another, undisclosed outside business activity.
Regulation S-P
Regulation S-P requires firms to provide disclosures to clients before sharing their private information with unaffiliated third parties.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
FINRA Rule 3270
FINRA Rule 3270 requires brokers to disclose to their firm any business activities they engage in outside it, including any compensation they expect to receive.
Other business activities
Ryan Bennett’s detailed BrokerCheck report lists the following outside business activities:
- Broker for supplemental insurance with AFLAC.
- Life insurance sales at Freedom Financial.
- Sole proprietor of Camarillo Cards, a business that sells trading cards.
- Broker for Secure Insurance Group, assisting clients in enrolling in Medicare Supplement plans.
Background Information
Ryan Bennett 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 6 – Investment Company Products/Variable Contracts Representative Examination
He previously worked for First Heartland Capital (CRD#:32460) and Transamerica Financial Advisors (CRD#:16164).
Kurta Law Can Help
If you worked with Ryan Bennett 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.