Ryan Morfin is Facing a FINRA Fine
Ryan Morfin (CRD #: 4581160), a previously registered broker with Cabot Lodge Securities, is the subject of a FINRA fine and suspension. This disclosure appears on his BrokerCheck record, accessed on February 16, 2024. Details concerning the FINRA allegations are provided below.
FINRA Fine and Suspension
On November 1, 2023, Ryan Morfin settled with FINRA by entering into an Acceptance, Waiver, and Consent agreement. In the agreement, Ryan Morfin consented to the findings that he engaged in investment banking without registering with FINRA as an investment banking representative. He also allegedly never passed the FINRA exam relating to the Investment Banking Representative registration category and never registered as an Investment Banking Representative at Cabot Lodge. He allegedly nevertheless engaged in investment banking activities, including serving as a financial advisor for the purpose of raising capital through equity and/or debt.
Ryan Morfin also allegedly acted in a principal capacity for Purshe Kaplan without registering as a General Securities Principal.
FINRA License Requirements
FINRA required representatives to pass certain exams in order to acquire a FINRA license. FINRA Rule 1210 also states that representatives shall be registered as a representative or principal, in each category of registration that applies to their functions.
Terms of the AWC
As part of the terms of the AWC, Ryan Morfin consented to a five-month suspension and a $10,000 fine.
You can read a copy of the AWC here.
Background Information
Ryan Morfin has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- Series 99TO Operations Professional Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 6 Investment Company Products / Variable Contracts Representative Examination
During his 13 years of experience, he has registered with four firms:
- Cabot Lodge Securities (CRD #: 159712)
- Bradley Woods & Co. LTD. (CRD #: 13660)
- Morgan Stanley & Co. (CRD #: 8209)
- World Group Securities (CRD #: 114473)
Kurta Law Can Help
If you have worked with Ryan Morfin and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.
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