Former GWN Securities Inc. broker Christian Ramsey (CRD# 3038410) is accused of alternative investment losses. He was registered with GWN Securities Inc. in Palm Beach Gardens, Florida, from 2016 to 2023, Foothill Securities, Inc. in Sierra Vista, Arizona, from 2009 to 2016, QA3 Financial Corp. in Roseville, California, from 2005 to 2009, and Wells Fargo Securities Inc. in San Francisco, California, from April to November 1998, when he was terminated regarding, “Gave investment information & processed a transaction to an unauthorized individual. failed to identify a customer when processing a trade.”
Christian Ramsey Customer Complaints
He has been the subject of two customer complaints between 2009 and 2025, one of which was closed without action, according to his CRD report:
June 2025. “Respondents exploited Claimant’s lack of understanding by selling high-commission, complex, and illiquid alternative investments. They encouraged Claimant to rely on their advice while referencing inflated pricing without disclosing that no true market existed. Claimant was left uninformed of available liquidation or mitigation options, keeping him dependent on Respondents’ guidance and delaying any potential complaint. Despite ongoing duties, Respondents continued advising Claimant to hold these unsuitable investments, misrepresenting them as “lower risk” despite their illiquidity, concentration issues, and high commissions. Claimant reasonably relied on Respondents’ superior knowledge and believed they would act in his best interest, particularly given his nearing retirement. Instead, Respondents prioritized their own compensation, ignoring regulatory standards for sales of complex products to retail investors. Respondents’ misrepresentations and omissions caused Claimant to invest in and retain unsuitable products, resulting in substantial losses. The delayed discovery of this misconduct does not relieve Respondents of liability. No dates were provided.” The customer is seeking $250,000 in damages, and the case is currently pending. The complaint was regarding non-traded securities, and it took place while he was registered with Foothill Securities, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, GWN Securities Inc. may be liable for investment or other losses suffered by Christian Ramsey’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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