Ryan Benning Has Been Named in a Pending Regulatory Investigation

Ryan BenningPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 6, 2016 indicate that North Dakota-based Berthel Fisher & Company broker/adviser Ryan Benning has received a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Benning (CRD# 4205469).

Ryan Benning has spent sixteen years in the securities industry and has been registered with Berthel Fisher & Company Financial Services in Hazen and Bismarck, North Dakota since 2000. He has no previous registrations. He is a registered broker and investment adviser with thirteen US states and territories: Arizona, California, Colorado, Idaho, Indiana, Kansas, Minnesota, Missouri, Montana, North Dakota, South Dakota, Texas, and Wyoming.

According to his BrokerCheck report, Ryan Benning has received one pending customer complaint and has been named in a pending regulatory investigation.

In July 2016 a customer alleged Ryan Benning, while employed at Berthel Fisher & Company, recommended investments that were inconsistent with their risk tolerance or liquidity needs. The customer is seeking unspecified damages in the pending complaint.

In 2014 a customer alleged Ryan Benning, while employed at Berthel Fisher & Company, misrepresented investments. The customer sought unspecified damages in the complaint, which was closed.

In 2013 Ryan Benning was named respondent in an investigation by the North Dakota Securities Department into allegations involving a client’s complaint that he/she was misled during the sales of real estate investment trust investments. The investigation remains pending.

A real estate investment trust, or REIT, is an entity that owns assorted forms of real estate, or interests in real estate. As an investment product, REITs use the combined funds from a pool of investors to purchase real estate property; they can be publicly traded or privately held, traded on the stock market or not traded at all. As such, they are highly illiquid investments. While they have the benefit of extending new opportunities to investors who otherwise could not access certain real estate investments, non-traded REITs may be particularly risky for short-term investors and even long-term investors. They are additionally taxed on an individual level and can lead to property taxes as high as 25% of the sum operating expenses. Investment professionals who recommend unsuitable REITs may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.

If you have lost money investing with Ryan Benning, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.