Our firm is investigating LPL Financial LLC broker and Stratos Wealth Partners, Ltd. investment adviser representative Richard Allen Ganim Jr. (CRD# 2447068) of Broadview Heights, Ohio for potential investment-related misconduct.
According to his FINRA BrokerCheck report, Ganim is currently registered with LPL Financial LLC and Stratos Wealth Partners, Ltd. His record reflects one pending customer dispute.
Financial Advisor’s Career History
According to his FINRA BrokerCheck report, Richard A. Ganim Jr. is currently registered with:
- LPL Financial LLC — 02/2017 to Present
- Stratos Wealth Partners, Ltd. — 02/2017 to Present
His prior securities and investment advisory registrations include:
- MSI Financial Services, Inc. — 2010 to 2017
- H. Beck, Inc. — 2009 to 2010
- Multi-Financial Securities Corporation — 2007 to 2009
- Legacy Advisory Services, Inc. — 2004 to 2007
- Legacy Financial Services, Inc. — 2004 to 2007
- Questar Capital Corporation — 2002 to 2004
- Charter One Securities, Inc. — 1999 to 2002
- Locust Street Securities, Inc. — 1995 to 1997 and 1998 to 1999
- Linsco/Private Ledger Corp. — 1998
- Independent Financial Securities, Inc. — 1997 to 1998
- NatCity Investments, Inc. — 1997 to 1998
- PaineWebber Incorporated — 1994 to 1995
FINRA reports that Ganim has worked as a registered representative with LPL Financial and an investment adviser representative with Stratos Wealth Partners since February 2017.
Ganim also reports several outside business activities, including investment advisory services through Stratos Wealth Partners, his LPL Financial business, BroadRock Capital, LLC, and DRG Lower Level, LLC.
Richard Allen Ganim Jr. Allegations and Investor Complaint Explained
FINRA BrokerCheck reflects one pending customer dispute involving Richard A. Ganim Jr.
According to the disclosure, the complaint alleges violations of Regulation Best Interest (Reg BI) during a period beginning October 9, 2024 and continuing through the date of the disclosure.
The firms identified in connection with the alleged activities are LPL Financial LLC and Stratos Wealth Partners.
Customer Complaint: Alleged Regulation Best Interest Violations
The BrokerCheck disclosure states that the customer alleges violations of Regulation Best Interest, commonly referred to as Reg BI.
The disclosure provides the following information:
- Disclosure Type: Customer Dispute — Pending
- Firms involved: LPL Financial LLC & Stratos Wealth Partners
- Allegations: Alleged violations of Reg BI
- Time Period: 10/09/2024 to current
- Product Type: Common Stock
- Damages listed: $0.00, with the explanation that alleged damages are over $5,000
- Date Complaint Received: 07/01/2026
- Complaint Pending: Yes
- Written Complaint: Yes
- Oral Complaint: No
- Arbitration or Civil Litigation: No
Disclosure Summary
- Customer Dispute — Pending
- Firms: LPL Financial LLC and Stratos Wealth Partners
- Allegations: Violations of Regulation Best Interest
- Period involved: October 9, 2024 to current
- Product: Common Stock
- Alleged damages: Over $5,000
- Complaint received: July 1, 2026
- Written complaint: Yes
- Arbitration/civil litigation: No
- Status: Pending
Conclusion
Investors evaluating this disclosure should remember that the customer complaint against Richard Ganim remains pending.
FINRA explains that a pending disclosure involves allegations that have not been proven or formally adjudicated. A pending matter may ultimately be withdrawn, dismissed, resolved in favor of the broker, or concluded through a negotiated settlement without an admission or finding of wrongdoing.
Investors considering doing business with Richard Allen Ganim Jr. may want to review his complete FINRA BrokerCheck report under CRD# 2447068 for the most current information concerning his registration and disclosure history.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
Regulation Best Interest establishes standards applicable to broker-dealers when making securities recommendations to retail customers. Claims alleging Reg BI violations may raise questions about whether an investment recommendation appropriately considered the investor’s interests and circumstances.
In Ganim’s reported disclosure, the customer alleges Reg BI violations involving common stock beginning October 9, 2024. The complaint reports alleged damages of more than $5,000 and remains pending. These are allegations and have not been adjudicated.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, unsuitable recommendations, and other investment-related misconduct. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis.
Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.