Ryan Sherer Named in Dispute Alleging Fraud, Violation of Federal Laws

Ryan Sherer (CRD #: 5952617), a broker registered with Emerson Equity, is involved in a dispute alleging violations of federal and state securities laws, according to his BrokerCheck record, accessed on June 2, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On March 7, 2023, an investor filed a dispute naming Ryan Sherer in allegations of the following:

• Violations of federal and California state securities laws
• Violation of California laws concerning elder financial abuse and unfair and fraudulent business practices
• Fraud and common law fraud
• Unsuitable investment recommendations
• Misrepresentations and omissions of material fact
• Breach of contract
• Negligence and gross negligence

The investor seeks $448,781.65 in damages in this pending dispute.

FINRA Rule 2010

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

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information about investors’ age, risk tolerance, and overall financial situation.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent means of influencing the purchase and sale of securities. Misrepresenting or omitting facts concerning an investment’s risks, fees, or other features violates this rule.

What are Blue Sky Laws?

Blue sky laws are state-level regulations that provide investors with an additional layer of protection against securities fraud. They typically also define which types of investments must register with the state securities board.

What is broker negligence?

Brokers may act in many negligent ways, ranging from omitting material facts to executing unauthorized trades. Investors who have lost money through broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Ryan Sherer has passed the following exams:

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

Ryan Sherer is a registered broker in 13 states and a registered investment adviser in California and Texas.

He has also worked for the following firms:

• Sandlapper Securities (CRD#:137906)
• Sandlapper Wealth Management (CRD#:41534)     
• SCF Investment Advisors (CRD#:123608)
• SCF Securities (CRD#:47275)
• J P Turner & Company Capital Management (CRD#:124446)
• J.P. Turner & Company (CRD#:43177)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Ryan Sherer 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.