Securities Arbitration Lawyers BlogRoss A Stein, Wells Fargo
Ross A Stein
CRD# 19616
Silver Law Group is investigating New York-based Wells Fargo broker Ross A Stein after a customer filed a complaint against him related to the purchase of Puerto Rico municipal bonds.
According to Stein’s FINRA BrokerCheck report, a customer filed a FINRA arbitration complaint in June of 2017 against Stein alleging unsuitability and damages of $200,000
Earlier in his career, another customer dispute was filed in November 2008 alleging unsuitable investments and misrepresentation. The complaint alleged $46,300 in damages.
Wells Fargo has employed Anthony since January 2008. Stein works out of Wells Fargo New York, NY. He was previously employed by A.G Edwards (CRD#4) also based out of New York,
Among other basic tenets, brokers are required to recommend suitable investments to their customers. This requires that the broker: Investigates and conducts due diligence into the investment’s attributes including its benefits, risks, tax consequences, and other relevant factors to form a reasonable basis for the recommendation of the product; and appropriately matches the investment with the customer’s specific investment needs and objectives, such as the customer’s retirement status, long or short-term goals, age, disability, income needs, or any other relevant factors.
When a broker or brokerage firm fails to recommend investments to its customers along those guidelines, there has to be accountability. If you have lost money on an investment that did not fit your investment profile, you may be able to recover some or all of your lost money.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to unauthorized trading. We work on a contingency fee basis, meaning you pay us nothing unless we recover money for you.
If you have invested with Ross A. Stein and Wells Fargo and have lost money doing so, you may be able to recover some or all of your losses. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll-free at (800) 975-4345.