Last Updated: February 2024 (Atlanta, GA)
Eric Ruthman Investigation Summary
Here’s what you need to know about Atlanta, GA, stockbroker Eric Ruthman:
- Name: Mr. Eric Scott Ruthman
- Current Employer: Purshe Kaplan Sterling Investments, Phase Line Capital (RIA)
- Previous Firms: LPL Financial , Edward Jones
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Eric Ruthman
- Primary Location: Atlanta, GA
- CRD 6281076
- Can Eric Ruthman be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages for Sale of Structured Product-Damage Amount Not Specified
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Eric Ruthman As Your Stockbroker?
In 12/2023 a customer of LPL Financial filed a FINRA arbitration alleging that, during the 12/2020-11/2021 time period, Eric Ruthman recommended an unsuitable investment in structured products. Damages are not yet specified in this currently pending matter.
Structured Products: Sometimes referred to as market-linked investments, structured products are pre-packaged investments whose performance is linked to an underlying asset, product or index. ( a single security, basket of securities, options, indices, commodities, debt issuance, foreign currencies or derivatives).
Allegations of Broker Misconduct Against Eric Ruthman
Customers of Eric Ruthman have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in structured products
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090). Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
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.
Recover Your Investment Losses Now With Rex Securities Law
» Investigation of LPL Financial and LPL Brokers
If you have suffered investment losses in an account handled by Eric Ruthman , contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
