Victim of Financial Fraud? Call Now
Home » Broker Blog » Ryon Frisch Allegedly Misrepresented Variable Annuities

Ryon Frisch Allegedly Misrepresented Variable Annuities

Ryon Frisch (CRD #: 5005383), a broker registered with MML Investors Services, allegedly misrepresented annuities, according to his BrokerCheck record, accessed on November 28, 2022. If you want to know more about his conduct as a broker, keep reading.

Investor Dispute

On October 17, 2022, an investor alleged that, in 2021, Ryon Frisch recommended he move funds from his two variable annuities into two new variable annuities, claiming that these new annuities offered the same guaranteed minimum income benefit (GMIB) benefits as the existing ones.

The client further alleges that neither of these new Equitable variable annuities has a GMIB rider, resulting in financial harm. They seek $150,395 in damages in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulation, deception, and other fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of facts related to investments, such as an investment’s features or limitations, violates this rule.

Background Information

Ryon Frisch has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination

Ryon Frisch is a registered broker in 16 states and a registered investment adviser in California, Colorado, and Texas.

He has also worked for the following firms:

  • MSI Financial Services (CRD#:14251)
  • First Allied Securities (CRD#:32444)
  • Raymond J. Lucia Companies (CRD#:115670)
  • Wachovia Securities (CRD#:19616)
  • UBS Financial Services (CRD#:8174)

Kurta Law Can Help

If you worked with Ryon Frisch 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. 

 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories