Ryan Raskin (CRD #: 5539610), a previously registered investment adviser and broker in Beverley Hills, California, has been barred by FINRA, according to a recent FINRA disciplinary action, accessed on January 19, 2021. The details of his agreement with FINRA are provided below, along with two other disclosures on his BrokerCheck record.
On January 13, 2021, Ryan Raskin entered into an Acceptance, Waiver, and Consent agreement (AWC) with FINRA in which he consented to the findings that he failed to comply with a request for documents and information. This is a violation of FINRA Rule 8210, which states that FINRA has the right to require a registered representative to provide information.
FINRA requested information from Ryan Raskin on August 31, 2020, and provided a deadline of September 15, 2020. Raskin acknowledged receipt of the request on September 8, 2020, and stated he did not intend to respond to the request. FINRA requested the same documents on December 17, 2020, and gave Raskin a deadline of December 31, 2020. Once again, on December 17, Raskin acknowledged the receipt of the request and stated that he did not intend to comply. Following his failure to respond to his request, FINRA barred from associating with any FINRA member. You can read a copy of the AWC here.
There are another two disclosures on Ryan Raskin’s BrokerCheck record.
On September 17, 2020, an investor alleged that Raskin executed unauthorized trades and churned accounts from January 2018 until January 2020. This dispute was denied by the firm.
On March 4, 2020, Ryan Raskin was fired from his position at Merrill Lynch, Pierce, Fenner & Smith, following allegations that he was involved in business practices inconsistent with firm standards, including inappropriate investment recommendations.
Ryan Raskin has passed the Series 66 Uniform Combined State Law Examination, the Securities Industry Essentials Examination, the Series 31 Futures Managed Funds Examination, Series 7 General Securities Representative Examination, Series 10 General Securities Representative Examination, and the Series 9 General Securities Sales Supervisor – Options Module Examination.
Ryan Raskin has worked in the securities industry for 11 years. During that time, Raskin has worked at the following firms:
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
- Morgan Stanley (CRD #: 149777)
- Morgan Stanley & Co. (CRD #: 8209)
If Ryan Raskin 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 firstname.lastname@example.org for a free case consultation with a securities attorney.