Ramon Arturo Herrera (CRD #6021170) is a former registered broker and investment advisor, barred by FINRA. His last registered employer was Wells Fargo Clearing Services, LLC (CRD #19616) of Union City, NJ.
A customer dispute was filed by a client’s POA on 01/13/2018. The POA alleged that from 04/17/2018 through 11/17/2018, one of two financial advisors assigned to her conducted excess trading and made and an unauthorized withdrawal of $75,010 from her personal savings account. The FA in question was not named in the complaint. The case was settled for $105,000.
The next customer dispute was filed on 04/04/2018, alleging that Herrera withdrew funds from multiple client accounts without their permission. That case is pending, and the requested damages total $20,000.
After these two customer disputes were filed, and a failure to provide requested information, FINRA barred Herrera indefinitely from any association with any FINRA member. Two letters were issued, on 04/11/2018, and 05/07/2018, respectively. Herrera failed to respond to the information request, nor request suspension of his bar, so it was made permanent on 07/16/2018.
Herrera’s only previous disclosure was a bankruptcy that was discharged on 10/201/2010.
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