Investors Complain About David Crossan

Investors complained about securities broker David Fleming Crossan (CRD: 2537752, Manchester, New Jersey). Notably, the securities broker, who worked for Wells Fargo Clearing Services LLC, disclosed client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Namely, Wells Fargo Clearing Services LLC clients allege that Crossan breached a fiduciary duty and gave unsuitable advice, among other things. For more on these disclosures about Crossan, see below.

Wells Fargo Clearing Services LLC Investor Accuses Crossan Of Breach Of Fiduciary Duty

Specifically, a Wells Fargo Clearing Services LLC client filed FINRA Arbitration: 22-00355 about David Crossan. Namely, the client alleged that Crossan breached a fiduciary duty, charged excessive commissions, and made unsuitable recommendations. Because of this, the client allegedly sustained damages on fixed annuities. Therefore, on February 7, 2023, Wells Fargo Clearing Services LLC settled this matter by paying the client $30,000 in damages.

David Crossan Facing Allegations By Wells Fargo Clearing Services LLC Client

Also, a client of Wells Fargo Clearing Services LLC contested David Crossan’s sales practices, according to a complaint dated May 7, 2009. Supposedly, Crossan possibly caused the client to sustain damages on variable annuities. Therefore, the client requested compensation from Wells Fargo Clearing Services LLC or Crossan in the amount of $16,858. However, the securities firm denied the complaint.

Recent Employment Information

• Crossan stopped working for Wells Fargo Clearing Services LLC on September 16, 2021.
• Crossan started working for LPL Financial LLC on September 9, 2021.

Did Wells Fargo Clearing Services LLC Securities Broker David Crossan Cause You To Experience Damages?

Have you sustained damages due to the actions of David Crossan? If so, you can reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Crossan and brokerage firms Crossan worked for deny any and all allegations of sales practice violations.