Ryan Christopher Faley is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1325 FRANKLIN AVE, GARDEN CITY, NY, 11530.
Ryan Christopher Faley has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since October 19, 2017
Ryan Christopher Faley has 2 Disclosure Event(s).
Date: February 27, 2016 Category: Customer Dispute Allegations: RECOMMENDATION OF SPECULATIVE SECURITIES RESULTED IN INVESTMENT LOSSES. Damage Amount Requested: $60,000.00 Settlement Amount: $29,750.00 Broker Comment: THIS MATTER WAS SETTLED BY LPL SOLELY FOR BUSINESS REASONS, TO AVOID THE COST AND EXPENSE ASSOCIATED WITH FURTHER LITIGATION. THERE WAS NO FUNDING OF WRONGDOING OF ANY KIND ON THE PART OF RYAN FALEY. MR. FALEY AND LPL ASSERTED AND MAINTAIN THAT THE CLAIMANTS WERE AT ALL TIMES SUITABILITY INVESTED.
Date: October 18, 2002 Category: Employment Separation After Allegations Firm Name: JOSEPH GUNNAR & CO. LLC Termination Type: Voluntary Resignation Allegations: THREE VERBAL CUSTOMER COMPLAINTS ARE BEING REVIEWED FOR POTENTIAL VIOLATION OF STATUTES. ADDITIONALLY, MR. FALEY HAS NOT PAID THE FIRM $3000. HE OWES FIRM. ISSUE OF "ETHICAL CONDUCT" BY AN RR. Broker Comment: UPON FURTHER INVESTIGATION OF THE THREE VERBAL CUSTOMER COMPLAINTS IT IS CLEAR THAT ALTHOUGH MR. FALEY WAS A JOINT RR OF RECORD, THE CUSTOMERS WERE COMPLAINING SPECIFICALLY ABOUT HIS PARTNER IN THAT JOINT RR NUMBER. MR. FALEY DOES IN FACT STILL OWE THE FIRM MONEY. HIS SIGNED PROMISSARY NOTE HAS BEEN SUBMITTED TO THE NASD. ADDITIONALLY, WE ARE PURSING COLLECTION. MR. FALEY HAS MADE NO EFFORT TO CONTACT OR REPAY THE DEBT OWED. HIS ACTIONS REGARDING NON-COMPLIANCE OF A SIGNED WRITTEN CONTRACT REVEAL HIS CHARACTER AND ETHICS. RESPONSE: JOSEPH GUNNAR MADE A FORGIVABLE LOAN THAT HAD A $2403 BALANCE WHEN I RESIGNED ON 8/30/02 (WHICH THEY MISREPRESENT AS 10/18/02 - I STARTED WORKING AT RAYMOND JAMES ON 9/3/02). I ASKED GUNNAR'S COMPLIANCE OFFICER IF I COULD CONTINUE REPAYING THE LOAN UNDER THE ORIGINAL TERMS ($350/MONTH). THE COMPLIANCE OFFICER SAID SHE WOULD GET BACK TO ME; SHE NEVER DID. ON 11/8/02 I LEARNED OF AN ADDITION TO MY U5 STATING THERE WERE VERBAL COMPLAINTS BY THREE OF OUR CLIENTS AGAINST MY EX-PARTNER AND ME. THE MATTER OF THE FORGIVABLE LOAN WAS ALSO NOTED, BUT THE BALANCE ON THE LOAN WAS MISREPRESENTED AS OVER $3,000. MY EX-PARTNER AND I CONTACTED EACH CLIENT AND EACH STATED THEY NEVER COMPLAINED ABOUT EITHER OF US OR SPOKE TO ANYONE AT JOSEPH GUNNAR. ON 11/22/02, JOSEPH GUNNAR SUBMITTED AN AMENDMENT (SHOWN ABOVE) TO THEIR ORIGINAL STATEMENT. THIS AMENDMENT STATED THAT THE THREE CLIENT COMPLAINTS WERE NOT AGAINST ME, BUT ONLY AGAINST MY EX-PARTNER. FINALLY, THE BALANCE OF THE FORGIVABLE LOAN WAS LATER INCLUDED AS PART OF MY GROSS WAGES ON THE1099 FORM I RECEIVED FROM JOSEPH GUNNAR. JOSEPH GUNNAR MISREPRESENTED THE FACTS IN THEIR STATEMENT, INCLUDING THE DAY I RESIGNED, THE AMOUNT OF MONEY I OWED THEM, AND THAT CLIENTS HAD FILED COMPLAINTS AGAINST ME.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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