Previously registered broker Ryan Raskin has been barred by FINRA for allegedly failing to provide documents and information requested by FINRA in connection to his alleged termination from Merrill Lynch according to FINRA’s Letter of Acceptance, Waiver and Consent (AWC), under review by attorney Alan Rosca. The Rosca Scarlato LLC law firm attorneys are investigating Ryan Ashley Raskin’s alleged failure to provide requested documents and information during FINRA’s investigation in connection to Raskin’s alleged termination.
Investors who are concerned about their investment with Raskin are encouraged to contact investor rights attorney Alan Rosca or his colleagues for a free consultation and discussion of options, or to provide any useful information. Call 888-998-0530, email at arosca@rscounsel.law, or leave a message through the contact form on this webpage to get in touch with an experienced investor attorney.
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Raskin Terminated from Merrill Lynch for Alleged Unsuitable Investment Recommendations
FINRA staff sent a request to Raskin in August 2020 to produce information and documents in connection to their investigation of his reported termination from Merrill Lynch on allegations of “business practices inconsistent with firm standards, including inappropriate investment recommendations”, according to the AWC.
On September 8, 2020, Raskin acknowledged that he received the request and stated that he did not intend to respond to the request, the AWC notes.
FINRA staff reportedly sent Raskin another request on December 17, 2020 to produce the same documents and information due December 31, 2020. Raskin reportedly acknowledged that he received the request and stated that he did not intend to respond to the request by the due date, the AWC states.
As a result of Ryan Raskin’s alleged failure to produce the information or documents requested by FINRA, he violated FINRA Rules and received a bar from association with any FINRA member firm in all capacities.
Ryan Ashley Raskin signed the AWC accepting and consenting to FINRA’s findings, without admitting or denying the findings, and solely for the purposes of the proceeding brought by or on behalf of FINRA, prior to a hearing and without an adjudication of any issue of law or fact.
Investors who have questions or are concerned about their investments with Ryan Raskin may contact investor rights attorney Alan Rosca or his colleagues for a free case evaluation and discussion of legal options, or to provide any useful information by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Ryan Raskin Had One Customer Dispute Disclosure Alleging Unauthorized Trading and Churning
According to Ryan Ashley Raskin’s FINRA Brokercheck page, in September 2020 he was the subject of a customer dispute disclosure alleging unauthorized trading and churning from January 2018 until January 2020. The customer requested unspecified damages and the dispute was reportedly denied one month later.
Raskin Was Registered with FINRA for 11 Years
Ryan Raskin reportedly joined the securities industry in 2008 and switched employers three times according to his FINRA Brokercheck page. He was first employed with Morgan Stanley & Co located in Beverly Hills, California from July 2008 until June 2009.
He then was registered with Morgan Stanley located in Woodland Hills, California from June 2009 until May 2016.
Raskin started working for Merrill Lynch, Pierce, Fenner & Smith located in Beverly Hills, California in May 2016 and remained there until his reported termination in March 2020. He was reportedly discharged from Merrill Lynch in March 2020 due to allegations of conduct involving business practices inconsistent with Firm standards, including inappropriate investment recommendations.
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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Securities Lawyers Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or broker misconduct and is currently investigating Ryan Raskin’s alleged failure to provide documents requested by FINRA during the course of its investigation into alleged inappropriate investment recommendations.
The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented clients in cases ranging from arbitrations to class actions.
Investors who are concerned about their investment with Ryan Raskin are encouraged to contact Alan Rosca or his colleagues for a free no-obligation evaluation of their options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
