Roger A Graham Formerly of Wells Fargo

In a recent AdvisorHub article, it was reported that Wells Fargo Advisors terminated one of its San Antonio, Texas brokers, Roger A Graham, earlier this year.  Wells Fargo Advisors gave the justification that could be a warning to other brokers for excessive trading in their own accounts. Wells Fargo said it had terminated Roger A Graham, in February for excessive trading in his personal account, according to a notice of employment separation from his BrokerCheck report.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, Roger A Graham, has been registered in the securities industry for 10 years and has one disclosure on his FINRA CRD report. The “Employment Separation after Allegations,” dated February 25, 2022, states that Graham was discharged from WELLS FARGO CLEARING SERVICES, LLC following the allegations, “Financial advisor's employment terminated after he admitted during review to excessive trading in his personal securities account, contrary to prior Firm imposed trading limit set with advisor. No customer harm identified.”
Roger A Graham was listed with three firms according to FINRA’s BrokerCheck, most recently with Wells Fargo Clearing Services LLC, and UBS Financial Services Inc, both of San Antonio, Texas.
The AdvisorHub article states that firms are required by the Financial Industry Regulatory Authority (FINRA) to keep track of brokers’ trading. Also, it includes alerts to guard against ‘front running’ or other potential client conflicts. The article states that some of the same thresholds for churning on customer accounts may set off alarms in personal accounts. Supervisors may take note if it appears that trading in a broker’s personal account could be at the expense of serving clients. It’s possible that a broker who obsessively trades in high risk securities in their own account could also raise compliance red flags. This is not an issue that comes up often due to the fact that managers will issue a reprimand.
According to BrokerCheck, Roger A Graham is no longer registered, and has started his own registered investment advisory firm, Braintrust Capital in San Antonio, Texas.
If you’ve experienced losses due to the actions or recommendations of Roger A Graham, formerly of Wells Fargo, San Antonio, Texas, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis and represents our clients nationwide before FINRA.