Ryan Caldwell Allegedly Made Unauthorized Trades

Ryan Caldwell (CRD# 6642132[1]), formerly a broker registered with Morgan Stanley, made unauthorized trades, according to an investor dispute. MDF Law is investigating the Cold Spring Harbor, New York-based financial professional for similar conduct. We encourage current or former clients who suffered investment losses to contact us for a free consultation.

More information about the allegations against Mr. Caldwell, an adviser with AIML Trading Partners, follows below. This post is based on a December 7, 2024 review of his BrokerCheck profile, a Financial Industry Regulatory Authority record. 

Pending Dispute Seeks More than $1 Million

On September 20, 2024, an investor filed a dispute alleging that Mr. Caldwell made unauthorized options trades. The dispute, which is still pending, seeks $1.2 million in alleged damages.

FINRA Rules Forbid Unauthorized Transactions

Several FINRA rules prohibit brokers from making trades without proper authorization. First and foremost is FINRA Rule 2010[2], which mandates that brokers must observe high standards of commercial honor. Secondly, FINRA Rule 3260[3] prohibits discretionary trading without a customer’s prior written authorization and a firm’s written approval. (Brokers exercise discretion when they conduct trades without first consulting the customer.) Then there’s FINRA Rule 2020[4], which staunchly forbids the use of “manipulative, deceptive, or other fraudulent device[s] or contrivance[s]” to effect transactions. Investors can find further information about securities industry rules through FINRA[5]‘s investor resources.

Why Did Morgan Stanley Fire Ryan Caldwell?

On May 23, 2024, Morgan Stanley filed a disclosure regarding its termination of Mr. Caldwell. According to the disclosure, it fired him following allegations of misconduct. These allegations included:

• The use of an unapproved third-party communication platform to communicate with a client regarding a private securities transaction.
• The communication of client information via unsecured emails.

The disclosure contains no additional information about these alleged activities.

FINRA: Adviser Based in Cold Spring Harbor, New York

Mr. Caldwell launched his career as a broker in 2017. That year, he joined Morgan Stanley’s branch office in New York, New York. He remained at the firm until his firing in 2023. Since June 2024, he has been registered as an investment adviser with AIML Trading Partners in Cold Spring Harbor, New York. Boasting five years of experience as a broker, he has completed three industry exams, including the Series 66.

Investment Losses? Call MDF Law

Did you suffer investment losses while working with Ryan Caldwell? MDF Law may be able to help you secure a recovery. Contact our seasoned investment fraud attorneys[6] at 800-767-8040 to learn about your options. Our clients only pay a fee if they win their case, and we currently provide free consultations nationwide. You may have a limited window to file your case, so don’t delay: call MDF Law today.