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Ryan Lansford Allegedly Made a Poor Investment Recommendation

Feb 11, 2023 Variable Annuities

Ryan Lansford (CRD #: 6105913), a broker registered with Allstate Financial Services, is the subject of a pending dispute, according to his BrokerCheck record, accessed on February 2, 2023. Investors may have also worked with him through Allstate Financial Advisors. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On October 6, 2022, an investor alleged that Ryan Lansford made a poor recommendation to liquidate a variable annuity, resulting in unexpected tax consequences for the client. The client also alleges that he received inaccurate cost basis information. He seeks $60,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe investor characteristics, such as their tax status, age, and financial goals.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

What are variable annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Ryan Lansford has passed the following exams:

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

Ryan Lansford is a registered broker in six states and a registered investment adviser in Texas.

He has also worked for the following firms:

  • Oppenheimer & Company (CRD#:249)
  • J.P. Morgan Securities (CRD#:79)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Ryan Lansford and you have concerns about your investments, please contact us today at 877-600-0098 or 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.