Category Archives: Auction Rate Securities ARS

Todd D. Ryman -Suntrust Investment Services Broker-Discloses Customer Disputes-Atlanta, GA

June 2017 – Atlanta, GA

The FINRA records of Todd D. Ryman ,  a  stockbroker previously employed with  Raymond James & Associates, Inc.  disclose  a prior regulatory matter and 6 customer disputes.

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.

Prior customer disputes include:

May 2017-A customer of Deutsche Bank Securities alleged damages of $250,000 related to the sale of an unsuitable private equity fund. That case was settled for $205,193.

FINRA Case 14-02095- A customer of Merrill Lynch sought damages of $100,000 alleging that Ryman made unsuitable investment recommendations, made unauthorized trades and misrepresented material facts. That case settled for $47,500.

June 2009- A customer of Banc America Investment Services alleged unauthorized trading in auction rate securities. That case settled for $5 million.

 

Ryman is currently employed by  Suntrust Investment Services. His prior employment includes Raymond James & Associates, Inc.,Deutsche Bank Securities, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Banc of America Investment Services.  

If you have losses in an account in an account handled by Todd D. Ryman  contact us to discuss how you may be able to recover damages for those losses.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

E*Trade Establishes Hotline for Auction Rate Securities Investors

 The North American Securities Administrators Association (NASAA) announced establishment of  a toll-free hotline and website  to assist investors who purchased auction rate securities (ARS) through E*TRADE Securities LLC.

Regulators and E*TRADE reached a settlement in October 2011 with E*Trade agreeing to $ fine of $5 million and   the return of approximately $100 million to its clients who have had their funds frozen in the ARS market since 2008. 

The firm is required to maintain a dedicated toll-free telephone assistance line, website and an email address to provide information to investors.

The toll-free hotline can be reached at 1-888-296-0880, Monday through Friday between 8:30 a.m. and 5 p.m. Pacific time. The website for information is www.ETradeARSBuyIn.com.

E*Trade is one of the last of the brokerage firms to resolve its auction rate securities cases.

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900