FINRA

Without admitting or denying the findings, Logan consented to the sanctions and to the entry of findings that he caused his member firm's books and records to be inaccurate by representing that he was the broker of record for variable annuity applications when, in fact, he had not substantially participated in those transactions. The findings stated that following a customer complaint, Logan's firm investigated and determined that Logan's unregistered sales assistant had solicited the customer's investment and that Logan had signed his name on the variable annuity application. The findings also stated that the firm determined that Logan shared the commissions associated with the sale of that variable annuity with his sales assistant. The firm then expanded its investigation and learned that Logan's sales assistant sold a total of approximately ten variable annuities to Logan's customers. In each instance, Logan signed his name as the broker of record on the variable annuity application even though he did not substantially participate in the sale. Furthermore, Logan paid a total of approximately $13,000 in commissions from securities transactions to his unregistered sales assistant.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$5,000.00

Suspension

All capacities

three months

9/17/2018

12/16/2018

MML Investors Services, LLC

Discharged

Terminated in connection with internal review opened into alleged commission sharing.

FINRA

Without admitting or denying the findings, Logan consented to the sanctions and to the entry of findings that he accessed his member firm's computer system and altered telephone numbers and email addresses of customers of his firm and/or its insurance affiliate without the knowledge or authorization of the customers or his firm. The findings stated that by altering the telephone numbers and email records, Logan failed to uphold high standards of commercial honor and caused his firm's books and records to be inaccurate.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$5,000.00

Suspension

Any capacity

30 business days

5/16/2016

6/27/2016

Fine paid in full on May 6, 2016.

Representative modified contact information of clients for whom he served as an investment adviser and no longer wished to be contacted by NMIS.

CALIFORNIA DEPARTMENT OF INSURANCE

2010 INSURANCE APPLICATION WAS INADVERTENTLY FILED WITH INACCURATE INFORMATION THAT HAD PREVIOUSLY BEEN DISCLOSED TO THE STATE AGENCY.

Order

N/A

FOLLOWING THE 2010 APPLICATION DENIAL, FURTHER EVIDENCE WAS SUBMITTED TO THE CA DEPARTMENT OF INSURANCE, WHICH RESULTED IN ISSUANCE OF A FINAL ORDER GRANTING RYAN LOGAN A LICENSE TO SELL LIFE AND HEALTH INSURANCE IN THE STATE OF CALIFORNIA.

CALIFORNIA DEPARTMENT OF INSURANCE

PREVIOUS MISDEMEANOR THEFT THAT LED TO DENIAL OF CA INSURANCE LICENSE. MATTER WAS LATER DISMISSED AND LICENSURE GRANTED.

Order

N/A

RYAN LOGAN'S 2005 APPLICATION FOR A LIFE AND HEALTH INSURANCE LICENSE IN THE STATE OF CALIFORNIA WAS ORIGINALLY DENIED ON THE BASIS OF A PRIOR MISDEMEANOR CONVICTION. FURTHER EVIDENCE WAS PROVIDED TO THE CA DEPARTMENT OF INSURANCE AND THE MATTER WAS LATER DISMISSED. SUBSEQUENTLY, LOGAN WAS GRANTED LICENSURE IN THE STATE OF CALIFORNIA FOR LIFE AND HEALTH INSURANCE.

GRAND THEFT

CONVICTED AND EXPUNGED PURSUANT TO SECTION 1203.4 OF THE CALIFORNIA PENAL CODE.

MISDEMEANOR OFFENSE DISMISSED PURSUANT TO CA 1203.4 ORDER DATED 10/13/2009; NO FURTHER CRIMINAL OR CIVIL COMPLAINTS SINCE 1999

WASHINGTON MUTUAL BANK

Discharged

THEFT

RYAN LOGAN WAS TERMINATED FROM HIS POSITION AT WASHINGTON MUTUAL BANK BECAUSE OF A MISDEMEANOR THEFT THAT WAS LATER DISMISSED UNDER A COURT ORDER PURSUANT TO SECTION 1203.4 OF THE CALIFORNIA PENAL CODE. LOGAN HAS HAD NO SUBSEQUENT CHARGES ISSUED AGAINST HIM AND HAD MAINTAINED CONSISTENT EMPLOYMENT SINCE THAT TIME.