Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Ryan (Ryan), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ryan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $40,000.00 on December 08, 2024.
Client alleges he transferred his previous account which was 100% equities to an SMA account with a 70/30 split of equities to bonds based on the RRs recommendation. Client further alleges he was not informed of the tax implications when the account was traded to rebalance from equities to purchase municipal bonds.