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Ryan McClanahan Allegedly Made Unsuitable Recommendation

Nov 10, 2022 Unsuitable Investments

Ryan McClanahan (CRD #: 4418160), a broker registered with J.P. Morgan Securities, is the subject of a pending dispute, according to his BrokerCheck record, accessed on October 30, 2022. If you have questions about his conduct as a broker, read on.

Investor Dispute

On September 27, 2022, an investor alleged that Ryan McClanahan made an unsuitable recommendation related to a managed account investment on February 22, 2021. The client seeks $100,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to their client’s profiles. An investor’s profile includes information about their age, risk tolerance, and investment goals. 

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

FINRA Rules 2010

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

Background Information

Ryan McClanahan has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • 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

Ryan McClanahan is a registered broker in 16 states and a registered investment adviser in Ohio and Texas.

He has also worked for the following firms:

  • Chase Investment Services (CRD#:25574)
  • Banc One Securities Corporation (CRD#:16999)
  • Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Ryan McClanahan 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.