DID RONALD DAVID ALBERS JR CAUSE YOU INVESTMENT LOSSES?
Ronald Albers Jr Of Wells Fargo Clearing Services, LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Ronald Albers Jr of Wells Fargo Clearing Services, LLC?
Ronald Albers Jr (CRD #2401383) has been in the securities industry since 1993. He is currently registered with Wells Fargo Clearing Services, LLC in Farmington Hills, Michigan, where he has been employed since November 2015. Over his career, he has worked for four firms, including a long tenure at Ameriprise Financial Services. Albers is currently licensed in nine U.S. states and holds registrations with six self-regulatory organizations. Over his career, he has passed two general industry exams and two multi-state securities law exams, but he has not completed any principal or supervisory exams. Albers’ employment history reflects extensive experience, particularly with Wells Fargo, where he has built a long-standing client portfolio.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Ronald Albers Jr Customer Complaints and Reviews
There are two disclosure events reported for Albers:
- Customer Dispute (June 1, 1998): The complaint alleged misrepresentation and failure to follow instructions at OLDE Discount Corporation, with a claimed loss of $9,167.74. The case was denied, with no compensation awarded, as the firm found no merit to the claim.
- Customer Dispute (Pending, March 11, 2024): A current complaint accuses Albers and Wells Fargo of engaging in an active trading strategy that allegedly led to account losses. The claimant is seeking $50,000, alleging breach of fiduciary duty and negligence. This matter is still pending in FINRA arbitration.
Allegations Against Ronald Albers Jr
- 1998 Allegation: This claim was investigated, found to lack merit, and was subsequently denied with no compensation issued.
- 2024 Allegation: The pending dispute, filed in March 2024, accuses Albers of implementing an active trading strategy that allegedly caused losses during a period of strong market performance. Claims in this dispute include breach of fiduciary duty and negligence, with the claimant seeking $50,000 in damages.
Ronald Albers Jr Red Flags & Your Rights As An Investor
Of course, Ronald Albers Jr did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Ronald Albers Jr at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Ronald Albers Jr has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Clearing Services, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services, LLC Due To Ronald Albers Jr
If you have questions about Wells Fargo Clearing Services, LLC and/or Ronald Albers Jr and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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