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Investors Allege Ryan Brockhaus Mismanaged Account

Jun 3, 2022 Unsuitable Investments

Ryan Brockhaus (CRD #: 5296530), a broker registered with Northwestern Mutual Investment Services, was involved in a recent dispute, according to his BrokerCheck record, accessed on May 23, 2022. Keep reading if you have questions about Ryan Brockhaus’s conduct as a broker.

Allegations of Poor Management

On February 23, 2022, multiple investors filed a dispute alleging that Ryan Brockhaus failed to appropriately manage their funds to fulfill their stated goal of using the funds to purchase a home, and the lack of management resulted in the account losing value. The dispute was denied by the firm.

However, firms can deny disputes without any outside review, and investors can still recover their losses by pursuing FINRA arbitration after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to employ an investment strategy that suits investors’ investment goals, taking into account information described in their clients’ profiles, such as their age, tax status, and risk tolerance.

Investors who believe their broker failed to consider their investment goals when managing a discretionary account may be able to recover their losses through FINRA arbitration.

Background Information

Ryan Brockhaus has passed the following exams:

  • 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
  • Series 26 - Investment Company Products/Variable Contracts Principal Examination

Ryan Brockhaus is a registered broker in 22 states and a registered investment adviser in Minnesota.

Kurta Law Can Help

If you worked with Ryan Brockhaus 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.