Ryan Sherer: $448K Complaint Against Sherer Group Advisor

Los Gatos financial advisor Ryan Sherer (CRD# 5952617) is involved in an investor complaint alleging he violated securities industry laws and rules, resulting in losses exceeding $400,000. Records maintained by the Financial Industry Regulatory Authority indicate that he is registered as a broker and an investment advisor with Emerson Equity, doing business as The Sherer Group.

Mr. Sherer’s BrokerCheck report discloses one investor complaint. Filed in March 2023, the complaint alleges he violated federal and California securities laws, committed fraud, recommended unsuitable corporate bond products, misrepresented and omitted material facts, engaged in unfair, unlawful, and fraudulent business practices, engaged in elder abuse, breached contract, committed fraud, breached his fiduciary duty, and engaged in both negligence and gross negligence. The pending complaint alleges damages of $448,781.65.

In a statement included with the pending complaint’s disclosure, Mr. Sherer described the allegations it contained as false. “At all times, I acted within the bounds of SEC, FINRA and state securities laws and regulations,” he continued. “I intend to vigorously defend myself against these claims.”

According to the Financial Industry Regulatory Authority, Ryan Sherer holds 10 years of securities industry experience. Based in Los Gatos, California, he has been a broker and an investment advisor with Emerson Equity since 2019. His past registrations include Sandlapper Securities (Los Gatos, California; 2015-2019), SCF Securities (San Jose, California; 2015), JP Turner & Company (San Jose, California; 2014-2015), Merrill Lynch (San Jose, California; 2013-2014), and JP Turner & Company (San Jose, California; 2012-2013). 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 holds 30 state licenses. (Information current as of April 8, 2023.)

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