February 5, 2021
Former Merrill Lynch, Pierce, Fenner & Smith (Merrill Lynch) general securities representative Ryan Raskin recently consented to a bar from associating with member firms of the Financial Industry Regulatory Authority (FINRA) for refusing to cooperate with an investigation pursuant to FINRA Rule 8210.
According to his FINRA BrokerCheck report, Raskin has been associated with three member firms since registering with FINRA in 2008. He was associated with two Morgan Stanley branches, in Beverly Hills and Woodland Hills, California from July 2008 to June 2009 and June 2009 to May 2016, respectively. Most recently, he was associated with Merrill Lynch in Beverly Hills from May 2016 until March 2020 when he was discharged for allegedly engaging in business practices that were “inconsistent with Firm standards, including inappropriate investment recommendations.”
Shortly after being notified of his termination from Merrill Lynch, FINRA staff sent Raskin a request for the production of information and documents pursuant to FINRA Rule 8210. On December 17, 2020, Raskin responded by stating that he would not provide any information for FINRA’s request, in violation of FINRA 8210 and 2010.
Without admitting or denying any wrongdoing, Raskin consented to a bar from associating with any FINRA member firm in all capacities.
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