Were You a Victim of Wells Fargo Clearing Services, LLC Financial Advisor David Ridenour?
Posted on Monday, April 9th, 2018 at 9:51 am
Erez Law is interested in speaking with investors who may have suffered losses due to investments with Wells Fargo Clearing Services, LLC financial advisor David Ridenour (CRD# 4941433). Ridenour has been registered with Wells Fargo Clearing Services, LLC in Edmond, Oklahoma since 2012.
Ridenour has been the subject of three customer complaints between 2012 and 2018, one of which was closed without action, according to his CRD report:
February 2018. “Claimant alleges that from 2015-2016, FA made unsuitable investments in high risk speculative stocks and bonds.” The case is currently pending.
July 2016. “Arbitration: Claimant alleges that FA invested in an unsuitable portfolio consisting entirely of energy securities. Claimant is seeking damages in an amount not less than $110,000.00. Complaint:Client alleged trades were made in her account in risky and aggressive securities without first consulting her. (9/25/2013-12/28/2015).” The case was settled for $47,500.
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 Ridenour’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If 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.