Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Albers (Albers), currently associated with Wells Fargo Clearing Services, LLC / LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Albers recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $50,000.00 on March 11, 2024.
Claimant alleges his Financial Advisor (FA) and Wells Fargo (WF) engaged in an active trading strategy causing Claimant losses in his account while the markets earned generational returns. Claimant claims Breach of Fiduciary Duty, Negligence and Negligent Supervision. Claimant seeks $50,000.00 in compensatory damages.