Erez Law is currently investigating Wells Fargo Clearing Services, LLC broker Ralph Courtland (CRD# 4374698) regarding variable annuity investment losses. He has been registered with Wells Fargo Clearing Services, LLC in Fairfield, New Jersey since 2008.
Ralph Courtland Customer Complaints
He has been the subject of three customer complaints between 2008 and 2022, one of which was closed without action, according to his CRD report:
February 2022. “Claimant alleges that the branch manager failed to supervise the FA from April 2012 through September 2019 that recommended annuities that were unsuitable.” The case is currently pending. The complaint was regarding variable annuity investment losses.
September 2019. “Plaintiffs are Estate beneficiaries and together allege that several registered representatives breached their fiduciary duties to a former customer and his late wife by mismanaging their assets, permitting a third-party to transfer assets from their accounts, and executing transactions in their accounts that were not within the designated financial, investment, and estate planning objectives.” The case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Wells Fargo Clearing Services, LLC may be liable for investment or other losses suffered by Ralph Courtland’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.