Ryan Masters: $2.5mm Complaint Against Morgan Stanley Advisor

Coral Gables, Florida financial advisor Ryan Masters (CRD# 5743021) recently received an investor complaint alleging that his conduct resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Morgan Stanley.

Mr. Masters’ BrokerCheck report discloses one investor complaint. Filed in December 2025, it alleges that as a representative of Morgan Stanley, he acted negligently, breached his fiduciary duty, aided and abetted fraud, aided and abetted conversion, interfered with a customer’s inheritance, and violated the “customs and standards of the securities industry.” The pending complaint alleges damages of $2.5 million.

Investors should be aware that the conversion of customer funds may be considered a violation of FINRA Rule 2150, which stipulates brokers may not “make improper use of a customer’s securities or funds.” Such conduct may also violate FINRA Rule 2010, which states that brokers like Mr. Masters must “observe high standards of commercial honor and just and equitable principles of trade” as they conduct their business. Representatives who violate these rules may be held liable for damages.

According to the Financial Industry Regulatory Authority, Ryan Masters holds 16 years of securities industry experience. Based in Coral Gables, Florida, he has been registered as a broker and an investment advisor with Morgan Stanley since February 2025. His past registrations include Stifel Nicolaus & Company (Miami, Florida; 2015-2025), Barclays Capital (Miami, Florida; 2010-2015), and Morgan Stanley (Coral Gables, Florida; 2010). His credentials include the passage of two securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the General Securities Representative Examination, or Series 7. He holds 32 state licenses. (Information current as of March 1, 2026.)

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