FINRA barred broker Ryan Ashley Raskin months after Merrill Lynch of Beverly Hills, CA discharged Raskin for inappropriate investment recommendations. In the interim, a customer alleged that unauthorized trading and churning occurred from 2018 until 2020, but that claim was ultimately denied.
In AWC #2020066135901, FINRA barred stockbroker Ryan Raskin (CRD #5539610) after Raskin failed to provide requested documents to investigators in the wake of a termination disclosure from Merrill Lynch in March 2020.
A customer at Merrill Lynch filed a complaint in September 2020 alleging unauthorized trading and churning and specifying a product type of mutual funds, including open-end money funds. Although the complaint was denied in October 2020, FINRA nonetheless saw fit to bar Raskin from the securities industry after Raskin failed to cooperate with the regulator's investigation into allegations of misconduct.
Prior to registration as a broker at Merrill Lynch of Beverly Hills from 2016-2020, Raskin was associated with Morgan Stanley in Woodland Hills from 2009 until 2016. Raskin's BrokerCheck file also indicates employment with Bank of America as a financial adviser, a position held since 2016.
If you have invested with former Merrill Lynch and Morgan Stanley broker Ryan Ashley Raskin or with any financial adviser or representative whose unsuitable recommendations, unauthorized trading, or churning has proven harmful to your investment accounts or financial interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.