KERRIE COE of WELLS FARGO, Previously of CETERA

KERRIE COE (KERRIE A COBB, KERRIE COBB, KERRIE A COE, KERRIE A LEMON) is currently registered as a broker with WELLS FARGO CLEARING SERVICES, LLC, and as an investment advisor with WELLS FARGO ADVISORS, both in Indianapolis, Indiana, since 9/17/2024. She was previously listed both as a broker and financial advisor with CETERA INVESTMENT ADVISERS LLC and CETERA INVESTMENT SERVICES LLC of Indianapolis, Indiana, from January of 2014 - September of 2024.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, KERRIE COE has been registered in the securities industry for 19 years and has been listed with 6 firms.  KERRIE COE has 3 disclosures on her FINRA CRD report.  One disclosure dated 1/14/2013 is an “Employment Separation after Allegations,” discharging her from JP MORGAN SECURITIES which she was employed from 10/01/2012 - 01/23/2013.  The allegations were, “REGISTERED REP FACILITATED AN ADVANCE ON A CLIENT HELOC (home equity line of credit) WITHOUT CLIENT AUTHORIZATION.”

The other two disclosures listed on KERRIE COE’s FINRA CRD report are “Customer Disputes.”  One dispute dated 9/11/2024 alleges, “Claimants allege unsuitable investment recommendations which resulted in losses.” This complaint seeks unspecified damages.

The other “Customer Dispute” is dated 12/17/2024, and is alleging, “Claimant alleges unsuitable investment recommendations with resulted in losses.”  They are seeking damages for $640,000.00. KERRIE COE has added a Broker Comment to this dispute, “The Advice given at the time was sound advice and well received by the staff. With a low interest rate environment the staff and myself looked at options to best grow the funds.”

The FINRA rule 2111 is also known as the “Suitability Rule.” It says in part that a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the client, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the client's investment profile. A client's investment profile includes, but is not limited to, the client's age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the client may disclose to the member or associated person in connection with the recommendations.

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