Richard Ganim Faces Reg BI Allegations From LPL Financial Client

Securities broker Richard Allen Ganim Jr., also known as Rick Ganim (CRD: 2447068), is based in Broadview Heights, Ohio, and is the subject of a client complaint involving alleged investment losses. According to Financial Industry Regulatory Authority (FINRA) BrokerCheck disclosures, Ganim has worked for LPL Financial LLC since February 15, 2017, and Stratos Wealth Partners, Ltd. since February 16, 2017. Here’s what the complaint alleges and where it stands.

LPL Financial Client Alleges Richard Ganim Violated Reg BI

On July 1, 2026, a client of LPL Financial LLC and Stratos Wealth Partners filed a complaint alleging that Richard Ganim violated Regulation Best Interest (Reg BI) beginning October 9, 2024. The client claimed to have suffered losses involving common stock and sought compensation from LPL Financial LLC, Stratos Wealth Partners, or Ganim. The complaint remains pending.

What A Reg BI Violation Generally Means

Reg BI generally requires securities brokers to act in clients’ best interests when recommending securities transactions or investment strategies, rather than putting their own interests ahead of clients’ interests. A Reg BI allegation may involve recommendations that were unsuitable for the client or that otherwise failed to serve the client’s best interests. For advisors under a fiduciary standard, similar conduct may support breach of fiduciary duty allegations.

Concerned About Investment Losses Involving Richard Ganim?

Investors who believe they suffered losses because of Richard Ganim can contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney about potential recovery of their investment losses. The firm has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Ganim and the brokerage firms he has worked for deny allegations of sales practice violations.