UPDATE AUGUST 2016– According to public records, Ryan Boggs is named in Case #16-0023/ 20150459600 filed by the Chicago Board of Options Exchange alleging that Boggs, on behalf of MNR Executions, LLC, violated Exchange Rules 4.1, 6.43, 6.45B, 6.73 and 6.74 mirroring cross trades.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Ryan R. Boggs recently disclosed that he had received a WELLS letter from FINRA regarding the trade that happened on CBOE on VIX on April 10, 2014.
A WELLS Notice is a letter that the U.S. Securities & Exchange Commission (SEC) sends to people or firms when it is planning to bring an enforcement actions against them. The notice indicates that the SEC staff has determined it may bring a civil action against a person or firm, and provides the person or firm the opportunity to provide information as to why the enforcement action should not be brought.
Ryan Boggs has been registered with Waddell & Reed since3/2015. He was previously registered with MNR Executions from 10/2013-1/2015. The VIX is the ticker symbol for the Chicago Board of Trade (CBOE) Volatility Index, a popular measure of the implied volatility of the S&P 500 index.
If you have questions about a brokerage account handled by Ryan Boggs, call to discuss your legal options. You may be entitled to damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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