Investors potentially experienced sales practice violations because of securities broker Eric Scott Ruthman [CRD: 6281076, Atlanta, Georgia], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ruthman joined Purshe Kaplan Sterling Investments on August 11, 2021, and Phase Line Capital LLC on July 12, 2021. He previously worked for LPL Financial LLC in Atlanta, Georgia, from August 21, 2017 to August 13, 2021. Read on to learn more about the disputes regarding this broker’s activities.
Specifically, on April 23, 2025, an LPL Financial LLC client filed FINRA Arbitration No. 25-00161 about Eric Ruthman. Particularly, the client alleged that Ruthman made unsuitable recommendations and breached his fiduciary duty. For this reason, the client allegedly experienced damages linked to structured products. Therefore, the client requested damages in compensation from LPL Financial LLC or Ruthman. Evidently, this arbitration is pending a resolution.
Also, a client of LPL Financial LLC disputed Eric Ruthman’s sales practices by filing FINRA Arbitration No. 23-03650. Allegedly, Ruthman gave unsuitable advice to the client about structured products. Thus, LPL Financial LLC opted to settle the matter on January 20, 2025, by compensating the client in the amount of $18,500.00.
Are you concerned regarding investments you made through Eric Ruthman? If so, contact Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney. Soreide Law Group helps recover losses for investors throughout the country. Also, the firm takes investor cases on a contingency fee basis and advances all costs. Ruthman and brokerage firms Ruthman worked for deny accusations of sales practice violations.
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