Erez Law is currently investigating Wells Fargo financial advisor Richard Lucker (CRD# 2285760) regarding failure to supervise of a customer’s investment account. Lucker has been registered with Wells Fargo Clearing Services, LLC in El Paso, Texas since 2014. Previously, Lucker was registered with Morgan Stanley in Tucson, Arizona from 2009 to 2014.
Lucker has been the subject of one customer complaints, according to his CRD report:
March 2017. “Claimant alleged, inter alia, failure to supervise with respect to FA’s management of her account – 2011 to 2013.” The customer is seeking $14,447,501 in damages and 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 Lucker’s customers.
Erez Law represents investors in the United States for claims against Wells Fargo financial advisor Richard Lucker regarding failure to supervise of a customer’s investment account. If you were a client of Wells Fargo Clearing Services, LLC or another firm, and 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.