Investors File Disputes About Wayne Ribnick

Soreide Law Group is investigating possible investor claims against securities broker Wayne Ribnick (also known as Wayne Stuart Ribnick) [CRD: 2682822, Malibu, CA]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck disclosed that investors complained about the securities broker, who worked for Securities America Inc. Notably, investors allege sales practice violations in these disputes, including that Ribnick made unsuitable investment recommendations. Here is a brief summary of the disclosures about Ribnick.

Securities America Inc. Investor Accused Ribnick Of Unsuitable Recommendations

Evidently, on December 23, 2021, a Securities America Inc. client filed a complaint about Wayne Ribnick. Namely, the client alleged that Ribnick made unsuitable investment recommendations. Because of this, the client allegedly sustained damages on stocks and mutual funds. Therefore, the client requested $165,000 in compensation from Securities America Inc. or Ribnick. However, the broker denied this complaint.

Securities America Inc. Investor Accused Wayne Ribnick Of Breach Of Fiduciary Duty

Also, a Securities America Inc. client filed FINRA Arbitration: 09-06461 about Wayne Ribnick. Namely, the client alleged that Ribnick made unsuitable recommendations, made misrepresentations to the client, and breached a fiduciary duty. Because of this, the client allegedly sustained damages on oil and gas investments. Therefore, on September 29, 2011, Securities America Inc. settled this matter by paying the client $626,661.98 in damages.

Ribnick Employment Information

• Ribnick has worked for Securities America Inc. in Malibu, CA, as a securities broker since November 24, 2004.
• Ribnick has worked for Securities America Advisors Inc. in Malibu, CA, as a financial advisor since November 24, 2004.

Damages Resulting From Securities America Inc. Securities Broker Wayne Ribnick?

Have you experienced damages because of securities broker Wayne Ribnick? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in the United States, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Wayne Ribnick and brokerage firms Ribnick worked for deny any and all allegations of sales practice violations.