WARNING! Impending Investigation–MATTHEW J. RYAN and HAZARD & SIEGEL, INC.
Matthew J. Ryan and Hazard & Siegel, Inc.
Have you lost money with Matthew J. Ryan from Troy, New York? We are currently investigating allegations made against Matthew J. Ryan. In 2011, Ryan was sentenced to 10 years in prison for defrauding at least 53 investors out of $3.5 million. Ryan ran two companies, American Integrity Financial Company and Prime Rate & Return LLC, which authorities allege was nothing more than a Ponzi scheme.
Matthew J. Ryan raised at least $6.5 million from investors for American Integrity Financial Company and Prime Rate & Return LLC. Investors, most of whom were in their 60s and 70s, suffered immense losses. Earlier this week, the U.S. District Court for the Northern District of New York ordered Ryan to pay $3.5 million in restitution to investors.
Matthew J. Ryan was a financial advisor and registered representative of Hazard & Siegel, Inc., from February 2004 to December 2009. He worked at branch offices in Troy and Syracuse, New York.
Broker-dealers like Hazard & Siegel Inc. have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Our attorneys have represented over one thousand investors who have been defrauded by their financial advisor or stockbroker. While we have offices in Denver and the Seattle area, we have also previously represented clients throughout New York. If you have lost money with Matthew J. Ryan, Hazard & Siegel, American Integrity Financial, or Prime Rate & Return and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ and go to our CONTACT page or call us at 720-599-3505.