Investors apparently complained about securities broker David Andrew Ward [CRD: 5924877, Raleigh, North Carolina], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ward worked for Wells Fargo Clearing Services LLC from July 14, 2016, to June 20, 2024. See the following information to find out more about the disclosures involving this securities broker.
Wells Fargo Clearing Services LLC Disaffiliated With Ward For Policy Violations Including Potential Unsuitable Recommendations
Particularly, on May 22, 2024, Wells Fargo Clearing Services LLC disaffiliated with Ward. Evidently, the firm alleged that Ward conducted business using communication methods that were not approved by the firm and recommended investing proceeds derived from an insurance policy loan.
David Ward Disclosed Sales Practice Violations Allegations By Wells Fargo Advisors LLC Client
Specifically, a client of Wells Fargo Advisors LLC contested Ward’s sales practices, according to a complaint. Allegedly, Ward engaged in sales practice violations involving the investment of funds borrowed against a life insurance policy, which led to losses, interest charges, and fees. It appears that Ward allegedly caused the client to sustain damages connected to variable annuities. Consequently, Wells Fargo Advisors LLC opted to settle the matter on January 2, 2024, by compensating the client in the amount of $34,000.
Did You Invest Through Securities Broker / Financial Advisor Ward?
Do you need clarity on any investment losses relating to David Ward? You should contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the United States. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. Ward and brokerage firms Ward worked for deny any allegations of sales practice violations.
