Published on:

Long Time Securities Industry Broker Joseph Ballantyne Under Investigation

Joseph BallantynePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 13, 2016 indicate that Arizona-based Wells Fargo Advisors broker/adviser Joseph Ballantyne is the subject of a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ballantyne (CRD# 860984).

Joseph Ballantyne has spent 37 years in the securities industry and has been registered with Wells Fargo Advisors in Tucson and Show Low, Arizona since 2003. Previous registrations include US Bancorp Piper Jaffray in Minneapolis, Minnesota; Everen Securities in St. Louis, Missouri; Principal Financial Securities in Dallas, Texas; Kemper Securities Group in St. Louis, Missouri; Boettcher & Company; and Rauscher Pierce Refsnes. He is a registered broker and investment adviser with twenty US states and territories: Arizona, California, Colorado, Florida, Idaho, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Montana, Nevada, New York, Oregon, Pennsylvania, Texas, Utah, Virginia, and Washington.

According to his BrokerCheck report, Joseph Ballantyne has received one customer complaint and one pending customer complaint. He was also discharged from his position at US Bancorp Piper Jaffray.

In July 2016 a customer alleged Joseph Ballantyne, while employed at Wells Fargo Advisors, executed excessive trades and made unsuitable recommendations. The customer is seeking unspecified damages in the pending complaint.

In 2003 Joseph Ballantyne was terminated from his position at US Bancorp Piper Jaffray following allegations he “presolicited clients on behalf of new firm while still employed with U.S. Bancorp Piper Jaffray.”

In 1994 a customer alleged Joseph Ballantyne breached his fiduciary duty, acted negligently, and breached contract. The complaint resulted in an award to the customer of more than $70,900.

If you have lost money investing with Joseph Ballantyne, you may be entitled to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.