Ryan Jonathan Sherer (CRD #5952617) Has Customer Dispute and Judgment/Lien Disclosures on FINRA BrokerCheck

Ryan Jonathan Sherer (CRD #5952617) has been the subject of disclosure events, which have recently been reported on his FINRA BrokerCheck Report. According to Ryan Jonathan Sherer’s FINRA BrokerCheck report accessed on January 22, 2026, Ryan Jonathan Sherer has been the subject of five customer disputes and three judgment/lien disclosures. If you invested with Ryan Jonathan Sherer and you have concerns about his activity, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Ryan Sherer’s FINRA BrokerCheck Report reflects five customer dispute disclosures. A summary of two disputes is below:

On November 14, 2025, a customer complained of violations of federal securities laws; violations of the California Securities Laws; unsuitable recommendations; misrepresentations and omissions of material fact; and related causes of action. The product type listed on the disclosure is Real Estate Security. The matter is pending under FINRA docket/case number 25-02495.

On October 3, 2025, a customer complained of breach of contract and warranties; violations of securities statutes; misrepresentation; breach of fiduciary duty; and a violation of Regulation Best Interest. The product type listed on the disclosure is Real Estate Security. The matter is pending under FINRA docket/case number 25-02079.

The BrokerCheck report reflects three additional customer disputes.

Judgment / Lien

Ryan Sherer’s FINRA BrokerCheck Report reflects three judgment/lien disclosures. A summary of two disclosures is below:

On February 7, 2024, a tax lien was filed in the amount of $644,261.09. The judgment/lien holder is the Department of Treasury-Internal Revenue Service, and the disclosure reflects the lien is outstanding. The disclosure includes a broker statement indicating that Ryan Sherer is cooperating and coordinating with the IRS to resolve and pay in full pursuant to an installment agreement.

On February 21, 2024, a tax lien was filed in the amount of $591,390.54. The judgment/lien holder is the Internal Revenue Service, and the disclosure reflects the lien is outstanding. The disclosure includes a broker statement indicating the lien relates to tax year filings 2016, 2017, 2018, and 2019.

The BrokerCheck report reflects one additional judgment/lien disclosure.

Rule summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 (Suitability) requires brokers and firms to have a reasonable basis to believe a recommended transaction or investment strategy is suitable for the customer based on the customer’s investment profile and the facts of the recommendation.

Rule summary #2: FINRA Rule 2010

FINRA Rule 2010 is a broad, principles-based rule requiring members and associated persons to observe high standards of commercial honor and just and equitable principles of trade. FINRA frequently cites Rule 2010 in matters involving unethical conduct.

Why this Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.

Reg BI is built around four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
2. Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
3. Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
4. Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.

Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.

Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his BrokerCheck Report, Ryan Sherer:

• Is currently registered with Emerson Equity LLC.
• Has passed the Securities Industry Essentials (SIE), Series 7, and Series 66 exams.
• Was previously registered with firms that include Sandlapper Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Kurta Law Can Help

If you have worked with Ryan Jonathan Sherer and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

Helpful resources: Unsuitable Investments | Misrepresentation and Omission

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