Haselkorn & Thibaut has launched an independent investigation into Ryan Jonathan Sherer, an investment advisor based in San Mateo, CA, currently registered with Emerson Equity LLC (CRD #5952617). Our team is dedicated to helping investors nationwide understand the facts and safeguard their financial interests. If you have experienced losses with Ryan Sherer—or are concerned about your portfolio—this comprehensive report is for you.

Who Is Ryan Jonathan Sherer?

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Ryan Jonathan Sherer is a registered investment advisor and broker with **Emerson Equity LLC**, based out of **San Mateo, California**. According to FINRA’s BrokerCheck (see their official record here), his professional record includes:

CRD Number: 5952617
Registered since 04/15/2019 with Emerson Equity LLC
Primary office: 155 Bovet Rd., Suite 725, San Mateo, CA 94402
Additional offices in Los Gatos, CA, and Reno, NV

Mr. Sherer has also been affiliated with multiple firms, including:

Sandlapper Securities, LLC (2015–2019)
Sandlapper Wealth Management, LLC (2015–2019)
SCF Investment Advisors, Inc. (2015)
J.P. Turner & Company (2012–2015)
Merrill Lynch, Pierce, Fenner & Smith Incorporated (2013–2014)

Customer Complaints & Regulatory Red Flags

As of November 2025, BrokerCheck and multiple public records show the following issues and disclosures for Ryan Sherer:

Issue	Details
Active Customer Complaints	Four Current Customer Disputes (as reported): Total damages sought are up to $5 million. Allegations involve breach of contract, breach of fiduciary duty, unsuitable investment recommendations, misrepresentation, and violation of Regulation Best Interest (Reg BI). Most actions are related to Real Estate Security products, such as Delaware Statutory Trusts (DSTs) or other alternative investments.
Outstanding Liens	Two IRS liens and one California Franchise Tax Board lien remain unpaid, totaling over $1.29 million. Outstanding liens can be a warning sign, as they might affect an advisor’s objectivity and financial stability.
Licensing & Regulatory Actions	FINRA General Securities Representative: Series 7, Series 66, SIE. Registered in several states. No formal FINRA, SEC, or state regulatory disciplinary actions disclosed to date.

Specific Customer Complaints (Disputes) Filed

FINRA Case No. 25-01596 (August 2025):
- Allegations: Breach of contract and warranties, promissory estoppel, violations of consumer protection and securities statutes, breach of fiduciary duty, vicarious liability, violation of Regulation Best Interest (Reg BI)
- Product Involved: Real Estate Security
- Damages Claimed: $1,000,000–$5,000,000, plus interest, fees, and costs
FINRA Case No. 25-01785 (August 2025):
- Similar allegations involving Real Estate Security recommendations
- Damages Claimed: $500,000–$1,000,000, plus additional damages and attorneys’ fees
FINRA Case No. 24-01278 (June 2024):
- Alleged unsuitable sales, fraud, breach of fiduciary duty, and negligence
- Product: Real Estate Security
- Damages Claimed: $100,000–$200,000, plus interest, fees, and costs

Broker’s Alternative Investments & Product Risks

Many of the recent disputes tied to Ryan Sherer involve **alternative investments**—including products like Delaware Statutory Trusts (DSTs), REITs, and private placements. Key points to understand:

These products can be illiquid, high-fee, and high-risk compared to traditional stocks and bonds.
They sometimes carry less regulatory oversight, and their suitability depends heavily on an investor’s age, investment objectives, and risk tolerance.
Issues can arise if these are recommended to conservative or retired investors who have low risk tolerance or liquidity needs.

Unsuitable recommendations, misrepresentation, and lack of full disclosure are frequent issues in these customer complaints.

What Does This Mean for Investors?

Customer complaints seeking millions in damages are red flags that investors should not ignore.
Outstanding federal and state tax liens—over $1.29 million—raise questions regarding the advisor’s finances and oversight.
Even experienced advisors can make mistakes or face oversight failures, especially with complex alternative products.
If you are invested in DSTs, REITs, or similar products through Ryan Sherer or Emerson Equity LLC, or if you have suffered losses, review your portfolio now.

Haselkorn & Thibaut—a national team of securities fraud lawyers with over 50 years’ combined experience and a 98% success rate—has recovered millions for investors just like you. There are *no upfront legal fees*, and we operate on a *no recovery, no fee* basis.

What Should You Do Next?

Request a **free, confidential portfolio review and legal consultation** with Haselkorn & Thibaut by calling 1-888-994-8066.
If you suspect losses, document your communications, review your statements, and preserve all correspondence.
Be proactive—FINRA arbitration is often the only way to recover investment losses. Most cases must be filed within specific timelines.

Take the first step towards understanding and protecting your investments. If you or someone you know suffered losses with Ryan Jonathan Sherer of Emerson Equity LLC, San Mateo, CA, don’t wait—reach out to Haselkorn & Thibaut for guidance. Our consultations are always free and confidential, and you pay nothing unless there is a recovery.

Call 1-888-994-8066 today or visit Haselkorn & Thibaut to get your questions answered by an experienced investment fraud attorney.

Disclaimer: The information contained in any post on this website is derived from publicly available sources and is not guaranteed as to accuracy and often involves allegations which may or may not be proven at some point in the future.  All posts are believed to be accurate as of the time of original posting, but the accuracy and details are subject to and expected to change over time and which may contain opinions of the author at the time posted. 

Customer Disputes Prompt Investigation Into Ryan Jonathan Sherer of Emerson Equity LLC