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Ryon Frisch Allegedly Misrepresented Variable Annuities

Dec 3, 2022 Misrepresentation

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.