Christopher Monahan (CRD #: 1104708), a broker and an investment adviser registered with RBC Capital Markets LLC, is facing allegations that he made unsuitable investment recommendations to his clients, according to his BrokerCheck record accessed on August 24, 2020.

On June 4, 2020, multiple clients alleged that Christopher Monahan knew that they did not want to purchase high-risk securities. In spite of their instructions, the clients allege that Mr. Monahan recommended high-risk, concentrated investments in Puerto Rico bonds. The clients further allege that Christopher Monahan characterized these high-risk bonds as safe investments. The clients are seeking $1,000,000 in damages; the dispute is pending.

Christopher Monahan has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in Alabama, Arizona, California, Connecticut, Florida, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Virginia, and Wisconsin. He is also a registered investment adviser in Connecticut.

In the course of his 37-year career, Christopher Monahan has worked at the following firms:

  • Janney Montgomery Scott LLC (CRD #: 463)
  • First Albany Corporation (CRD #: 298)
  • Samuel A. Ramirez & Co., Incorporated (CRD #: 6963)

If Christopher Monahan was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email for your free case consultation with a securities attorney. 

Leave a Comment