Cetera Advisor Ryan Wiese Lands $400K Complaint

Baton Rouge financial advisor Ryan Wiese (CRD# 3201414) allegedly misrepresented an investment, according to a recent investor complaint against him. Financial Industry Regulatory Authority records show that he is a broker with Kestra Investment Services and an investment advisor with Kestra Advisory Services, as well as a representative of Centura Advisors.

Mr. Wiese’s BrokerCheck report discloses one investor complaint. Filed in July 2023, it alleges that as a representative of Cetera Investment Services, he made misrepresentations in connection with insurance investment recommendations. The pending complaint alleges damages of $400,000.

Securities industry rules and standard prohibit brokers like Mr. Wiese from misrepresenting material facts concerning the investments they recommend. The most pertinent regulation regarding misrepresentation may be FINRA Rule 2020, which stipulates that brokers may not “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who misrepresent investments may be liable in the event of losses.

According to the Financial Industry Regulatory Authority, Ryan Wiese holds 24 years of securities industry experience. Based in Baton Rouge, Louisiana, he has been a Kestra broker and investment advisor, as well as a representative of Centura Advisors, since January 2023. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama, Florida, Louisiana, North Carolina, and Texas. (Information current as of September 4, 2023.)

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