Ryan Foster: $240K Complaint Against Ex-InterCarolina Advisor

Pleasant Garden, North Carolina financial advisor Ryan Foster (CRD# 5414840) has received an investor complaint alleging that his advice resulted in damages exceeding $200,000. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former InterCarolina Financial Services broker is currently registered as an investment advisor with Crossroads Financial Services.

Mr. Foster’s BrokerCheck report discloses one investor complaint. Filed in April 2024, it alleges that as a representative of InterCarolina Financial Services, he recommended unsuitable real estate investments. The pending complaint alleges damages of $240,000.

InterCarolina Financial Services’ website includes a page describing the firm’s services and approach. “InterCarolina Financial Services is large enough to offer all the services and products necessary to ensure financial success, but compact enough to have a strong personal relationship and complete understanding of each of our customers needs and goals,” it explains. “InterCarolina Financial Services performs market transactions in listed, OTC stocks and options, Corporate, US Government, and Municipal bonds, and Mutual Funds. We have a selling agreements with the major mutual funds, quality annuity underwriters, and over 50 BEST RATED insurance companies.”

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Ryan Foster holds 16 years of securities industry experience. Based in Pleasant Garden, North Carolina, he has been registered as an investment advisor with Crossroads Financial Services since December 2022. His past registrations include InterCarolina Financial Services (Greensboro, North Carolina; 2016-2022), Broker Dealer Financial Services (Kernersville, North Carolina; 2014-2016), United Planners’ Financial Services (Matthews, North Carolina; 2011-2014), MML Investors Services (Greensboro, North Carolina; 2009-2011), Invest Financial Services (Greensboro, North Carolina; 2008-2009), and MML Investors Services (Springfield, Massachusetts; 2007). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in North Carolina. (Information current as of July 29, 2024.)

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