Ryan Ned Ainsworth, CRD# 5740339, is currently the subject of a customer dispute alleging misrepresentation, breach of fiduciary duty, breach of contract, negligent misrepresentation, and covenant of good faith and fair dealing violations connected to advisory accounts and mutual fund transactions.
Our firm is investigating Northwestern Mutual Investment Services broker and investment adviser Ryan Ainsworth of Gilbert, Arizona, for potential investment-related misconduct.
Financial Advisor’s Career History
Ryan Ainsworth has been registered with Northwestern Mutual Investment Services, LLC (CRD#: 2881) since 2011, working primarily from branch offices in Washington and Arizona. His career includes roles as a registered representative, financial advisor, and insurance agent affiliated with various Northwestern Mutual entities. He holds licenses in 17 U.S. states and territories and has passed the SIE, Series 6, Series 63, and Series 65 examinations.
Past and current positions include:
- Northwestern Mutual Investment Services, LLC – Registered Representative (2010–Present)
- Northwestern Mutual Life Insurance Company – Agent (2009–Present)
- Northwestern Mutual Wealth Management Company – Representative (2016–Present)
- Northwestern Mutual Investment Services, LLC – Financial Advisor (2015–2016)
- Additional non-investment employment as a softball coach (2023–Present)
Ryan Ned Ainsworth Fraud Allegations and Investor Complaints Explained
According to FINRA disclosure records, Ainsworth has one settled customer dispute involving serious allegations related to his conduct.
Customer Dispute – Settled
- Date Complaint Received: April 1, 2024
- Filing Date: March 18, 2024
- Forum: Superior Court of Arizona, Maricopa County
- Case Number: CV2024-005590
- Product Type: Mutual Funds; Advisory Accounts
- Allegations: Misrepresentation, breach of fiduciary duty, breach of contract, negligent misrepresentation
- Alleged Damages: $465,000
- Settlement Amount: $50,000
- Individual Contribution: $0
- Status: Settled on August 16, 2024
Summary of Disclosures
- Customer Dispute (Settled)
- Action: Civil litigation alleging misrepresentation and multiple breaches
- Disposition: Settled for $50,000
- Status: Final
- Damages Claimed: $465,000
- Products Involved: Mutual funds, advisory accounts
To obtain a copy of Ryan Ainsworth’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rules Implicated
Ruling Part 1
Based on the allegations of misrepresentation and negligent misrepresentation, FINRA Rule 2020 (“Use of Manipulative, Deceptive or Other Fraudulent Devices”) is relevant. This rule prohibits brokers from engaging in any fraudulent or deceptive act in connection with the purchase or sale of securities. If a broker provides inaccurate or misleading information that influences an investor’s decisions, such conduct may constitute a violation of Rule 2020.
Ruling Part 2
The alleged breach of fiduciary duty and breach of contract may implicate FINRA Rule 2010, which requires brokers to observe “high standards of commercial honor and just and equitable principles of trade.” Failure to act in a customer’s best interest, failure to disclose material information, or failure to execute duties with honesty and fairness can violate Rule 2010.
Ruling Part 3
Allegations relating to advisory account mismanagement may also fall under FINRA Rule 2111 (“Suitability”). This rule requires that any securities recommendation must be suitable based on the customer’s investment profile. If unsuitable recommendations or failure to properly consider a client’s financial situation occurred, Rule 2111 may apply.
The Law Offices of Robert Wayne Pearce, P.A. is a nationally recognized securities law firm representing investors in FINRA arbitration and securities fraud cases on a contingency fee basis. Robert Wayne Pearce, the founding attorney, has more than 45 years of experience recovering millions for victims of broker misconduct and investment fraud.
He previously defended major brokerage firms and now uses that insight to protect investors nationwide. To discuss your case directly with Mr. Pearce, call (800) 732-2889 or email pearce@rwpearce.com for a free consultation.
