A customer dispute disclosure filed with FINRA on September 9, 2020 alleges misrepresentation regarding investments in a Closed End Fund and Business Development Company, according to his FINRA Brokercheck page, under review by attorney Alan Rosca. There is no specified amount for the alleged damages, but they are believed to be greater than $5,000 FINRA reports.
Investor rights attorney Alan Rosca of the Rosca Scarlato LLC law firm is currently investigating the customer dispute disclosure alleging misrepresentation in connection with Closed End Fund and Business Development Company investments.
Investors who are concerned about their investments with Ryan LeBlanc may contact attorney Alan Rosca for a free case evaluation and discussion of recovery options or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or leave a message through the contact form on this webpage.
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A Customer Dispute Related to Ryan LeBlanc Resulted in a $250,000 Award
According to an NASD Dispute Resolution Award, a customer claimed her account had an 86.9% turnover rate and the cost to ratio equity was 30.1%. Allegedly, broker Ryan LeBlanc controlled the claimant’s account and conducted excessive trades without prior approval. The customer alleged she incurred losses to the tune of $400,000.
The arbitration panel in this case unanimously awarded the claimant $1 in compensatory damages, and $250,000 in punitive damages, determining that Morgan Keegan was liable for the entire amount of the award. Further, the panel decided that Ryan Reynolds Leblanc was jointly and severally liable with Morgan Keegan for up to fifteen percent of the award.
Ryan LeBlanc Has Been Registered with FINRA since 1996
According to LeBlanc’s FINRA Brokercheck page, he has been registered with FINRA for 24 years and switched employers 4 times. He is currently a broker and investment advisor at LPL Financial located in Luling, Louisiana and he has been employed with this firm since August 2005.
LeBlanc was first employed with Olde Discount Corporation located in Detroit, Michigan from March 1996 until April 1998. He then switched to Morgan Keegan & Company located in Memphis, Tennessee from April 1998 until October 2003.
LeBlanc started working for Morgan Stanley DW located in Purchase, New York from September 2003 until August 2005, according to his FINRA Brokercheck page.
Investors who are concerned they may have suffered a loss with broker Ryan LeBlanc are encouraged to contact attorney Alan Rosca for a free consultation and discussion of potential options, or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Investor Rights Attorneys Are Investigating Broker Ryan LeBlanc
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or unsuitable investments and we are currently investigating broker Ryan Reynolds LeBlanc‘s customer dispute disclosure alleging misrepresentation in connection to CEF and BDC investments.
The firm takes most cases of this type on a contingency fee basis and advances the case costs, we only get paid for fees and costs out of money we recover for clients. Attorney Alan Rosca, securities lawyer and adjunct professor of securities regulation has represented thousands of investors who experienced losses at the hand of their investment adviser or otherwise as a result of investment-related misconduct, across the county and around the world in cases ranging from arbitrations to class actions.
Ryan LeBlanc investors who are concerned about tjeir investments in products such as Closed End Fund or Business Development Company may contact attorney Alan Rosca for a free, no obligation evaluation of their recovery options by calling 888-998-0530, via email at arosca@rscounsel.law, or by leaving a message through the contact form on this page.