John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
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.
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.
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.
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.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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