According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Christian Ramsey (Ramsey), previously associated with Gwn Securities INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Ramsey concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $250,000.00 on June 11, 2025.
Respondents exploited Claimant’s lack of understanding by selling high-commission, complex, and illiquid alternative investments. They encouraged Claimant to rely on their advice while referencing inflated pricing without disclosing that no true market existed. Claimant was left uninformed of available liquidation or mitigation options, keeping him dependent on Respondents’ guidance and delaying any potential complaint.\, \, Despite ongoing duties, Respondents continued advising Claimant to hold these unsuitable investments, misrepresenting them as ‘lower risk’ despite their illiquidity, concentration issues, and high commissions. Claimant reasonably relied on Respondents’ superior knowledge and believed they would act in his best interest, particularly given his nearing retirement. Instead, Respondents prioritized their own compensation, ignoring regulatory standards for sales of complex products to retail investors.\, \, Respondents’ misrepresentations and omissions caused Claimant to invest in and retain unsuitable products, resulting in substantial losses. The delayed discovery of this misconduct does not relieve Respondents of liability.\, \, No dates were provided.
Securities Lawyers Blog
