Todd Douglas Ryman, of Atlanta, Georgia, a stockbroker formerly registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related written complaint on February 15, 2017, in which the customer requested $300,000.00 in damages based upon allegations that Ryman committed securities related misconduct in reference to the customer’s transactions regarding closed-end funds, exchange traded funds, foreign equities, and real estate investment trust products.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Ryman has been named in five additional customer initiated investment related disputes containing allegations of his misconduct while employed with Deutsche Bank Securities Inc., Banc of America Investment Services, Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated. In particular, on June 9, 2009, a customer initiated investment related written complaint involving Ryman’s conduct was settled for $5,000,000.00 in damages based upon allegations that Ryman effected unauthorized corporate debt and auction rate securities transactions in the customer’s account.
Additionally, on June 9, 2009, a customer initiated investment related written complaint regarding Ryman’s activities was resolved for $2,550,000.00 in damages based upon allegations that Ryman failed to abide by the customer’s investment instructions concerning the sale of municipal debt and auction rate securities products. Further, on May 15, 2013, a customer initiated investment related arbitration claim involving Ryman’s conduct was settled for $25,000.00 in damages based upon allegations that Ryman made misrepresentations and omissions to the customer regarding equity products, and did not cooperate with the customer’s investment related instructions.
On May 7, 2015, another customer initiated investment related arbitration claim regarding Ryman’s activities was resolved for $47,500.00 in damages based upon allegations that Ryman omitted and misrepresented facts pertaining to equity investments, effected unauthorized trades in the customer’s account, and made unsuitable investment recommendations to the customer. Moreover, on November 21, 2016, a customer initiated investment related written complaint involving Ryman’s conduct was settled for $250,000.00 in damages based upon allegations that he effected private equity fund transactions in the customer’s account when the products were not suitable for the customer.
Ryman’s securities registration with Raymond James & Associates, Inc. ended on February 23, 2017. Since February 14, 2017, he has been registered with SunTrust Investment Services, Inc.
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