Ryan Fleming Subject of Washington Regulatory Action

Ryan Fleming (CRD #: 5620708), a broker formerly registered with Cantella & Company, has been fined by the state of Washington, according to his BrokerCheck record, accessed on January 7, 2025. Read on if you want to learn more about his alleged conduct as a broker.

Washington Regulatory Action

On December 10, 2024, the Securities Division of the State of Washington Department of Financial Institutions entered into a consent order with The Pilot’s Advisor, LLC and Ryan Fleming.

The Securities Division alleged that Ryan Fleming and The Pilot’s Advisor engaged in misleading advertisement that involved performance returns based on fictitious clients and included 20-year performance data when neither respondent had 20 years of investment advisory experience.

Further, the Securities Division alleged that The Pilot’s Advisor operated as an unregistered investment adviser in the state.

Ryan Fleming and The Pilot’s Advisor agreed to cease and desist from violating the Securities Act of Washington, pay a fine of $20,000, and reimburse the Securities Division $2,500 for the cost of its investigation.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2210

FINRA Rule 2210 defines how firms and brokers are permitted to communicate with the public (e.g., in advertising). This rule requires all communications with the public to be fair and balanced and free from any false or misleading statements.

Blue Sky Laws

Blue sky laws are state securities regulations that provide investors with an extra layer of protection against fraud. They frequently also define what investments qualify as securities in the state.

Background Information

Ryan Fleming has passed the following exams:

• General Securities Representative Examination – Series 7
• Uniform Combined State Law Examination – Series 66

He previously worked for Cantella & Company (CRD#:13905).

Kurta Law Can Help

If you worked with Ryan Fleming 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 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.