Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) BrokerCheck report for prior Fidelity Brokerage Services LLC broker Ryan Lee (CRD#: 4169548, Wayne, New Jersey) confirms that clients disputed his sales practices. In addition to the five plus investors who took aim at Lee’s sales practices, Fidelity discharged him for suspicious behavior.
Fidelity Client Files Dispute Suggesting Ryan Lee Made Bad Investment Recommendations
Evidently, a Fidelity Brokerage Services client brought a complaint dated May 15, 2019 about Ryan Lee. Mainly, the client contended that Lee gave unsuitable investment recommendations about surrendering an annuity. Apparently, the broker asked the client to sell the annuity and place proceeds in a managed account. Supposedly, Lee led the client to experience unnecessary tax consequences. However, Fidelity denied the client’s complaint on May 30, 2019.
Citigroup Investor Files FINRA Arbitration Suggesting Lee Breached Fiduciary Duty
Previously, Ryan Lee worked for Citigroup Global Markets Inc. Apparently, a client of Citigroup filed FINRA Arbitration #: 11-03581 to contest Lee’s sales practices. First of all, the client suggested Lee made “false and misleading” statements regarding mutual funds he sold to the client. Secondly, Lee supposedly placed his interest ahead of the client, breaching a fiduciary duty. Supposedly, those mutual funds were inconsistent with the client’s investor profile. Eventually, Citigroup agreed to pay the client $15,000 to settle.
Client Of Citigroup Files Complaint Indicating Ryan Lee Misrepresented Annuity
It appears that another Citigroup Global Markets Inc. client had something to say regarding Ryan Lee. Particularly, the client filed a complaint to contest Lee’s annuity sales. Supposedly, Lee misrepresented information about a variable annuity which he sold the client. Because of this, the client allegedly purchased an annuity that was unfitting for the client’s needs and which produced losses. For this reason, Citigroup compensated the client to the tune of $85,630 to settle.
Fidelity Disaffiliates With Lee Over Allegations Of Disingenuous Client Interactions
FINRA BrokerCheck shows that Ryan Lee worked at firms including Banc of America Investment Services (2009 – 2012), Fidelity Brokerage Services LLC (2012 – 2018) and Santander Securities LLC (2019 – present). Notably, Fidelity disaffiliated with Lee because of Lee potentially failing to be truthful regarding his client interactions. Lars Soreide Highest Ethical Standard Award 2018
Suffered losses because of broker Ryan Lee? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.
The Logan Group Securities [CRD: 40259, Roseville, California] was censured and fined $70,000 in a FINRA disciplinary action, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026. FINRA found that the firm, listed in the report as Logan, Kevin Christopher dba The Logan Group Securities, willfully violated Reg BI and Form CRS requirements. The firm consented to the sanctions and to the entry of findings without admitting or denying them, according to the Letter of Acceptance, Waiver and Consent (AWC) issued July 27, 2026.
Brown Associates, Inc. [CRD: 5049, Chattanooga, Tennessee] was censured and fined $30,000 in an AWC issued by FINRA, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026.
RBC Capital Markets, LLC (CRD #31194, New York, New York) was censured and fined $275,000 after an AWC found the firm failed to develop and implement an anti-money laundering compliance program reasonably designed to detect and cause the reporting of suspicious transactions, according to FINRA's September 2026 disciplinary report.
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