Investors have reportedly disputed the sales practices of securities broker Ryan Elliot Shoop [CRD: 4522151, Westlake, Ohio], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Shoop worked for Stifel Independent Advisors LLC from October 15, 2021, to January 17, 2024, and from July 6, 2022, to January 17, 2024, and he also worked for Westminster Financial Securities Inc. from May 16, 2012, to October 22, 2021, before registering again with Westminster Financial Securities Inc. and Westminster Financial Advisory Corp on January 10, 2024. Keep reading to discover more about Shoop’s disclosures, including the allegations clients raised and how these matters were resolved.
Notably, on January 12, 2024, a Stifel Independent Advisors LLC client filed a complaint about Ryan Shoop. Mainly, the client alleged that Shoop engaged in unauthorized trading and made misrepresentations by allegedly describing the wrong type of account and placing the client into a high risk investment strategy. Because of this, the client allegedly experienced damages relating to stocks. Therefore, the client requested compensation from Stifel Independent Advisors LLC or Shoop.
Particularly, a client of Westminster Financial Securities Inc. disputed Ryan Shoop’s sales practices by filing FINRA Arbitration No. 23-02591. Allegedly, Shoop churned accounts and Westminster Financial Securities Inc. failed to supervise certain representatives, and the client also claimed the account’s gains lagged certain market indices. It appears that Shoop caused the client to experience damages. As a result, Westminster Financial Securities Inc. opted to settle the matter on August 19, 2024, by compensating the client in the amount of $14,500.
Specifically, on October 11, 2008, a Wachovia Securities LLC client filed a complaint about Ryan Shoop. Primarily, the client alleged that Shoop made misrepresentations regarding a variable annuity purchase, including claims the client did not have a chance to ask questions or select investments and was allegedly assured the principal was guaranteed. For this reason, the client allegedly sustained damages linked to variable annuities. Consequently, the client requested $162,066.69 in compensation from Wachovia Securities LLC or Shoop. However, the firm denied this complaint.
Do you have concerns or questions regarding investments you made with Ryan Shoop? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients located throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Shoop and brokerage firms Shoop worked for deny allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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