Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed and accessed on November 30, 2017 indicate that New Jersey-based Wells Fargo Clearing Services broker/adviser John Rauch has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Rauch (CRD# 1648935).
John Rauch has spent 29 years in the securities industry and has been registered with Wells Fargo Clearing Services in Red Bank, New Jersey and New York, New York since 2012. Previous registrations include Morgan Stanley Smith Barney in Red Bank, New Jersey (2009-2012); Morgan Stanley & Company in Red Bank, New Jersey (2008-2009); UBS Financial Services in Red Bank, New Jersey (2002-2008); Glen Rauch Securities in New York, New York (1989-2002); Dominick & Dominick in New York City, New York (1988-1989); and Glen Rauch Securities (1987-1988). He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on December 29, 2012; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 26, 1987; and Series 7 (General Securities Representative Examination), which he obtained on March 21, 1987. He is a registered broker and investment adviser with 18 US states and territories: California, Colorado, Connecticut, the District of Columbia, Florida, Illinois, Indiana, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, Puerto Rico, Texas, Virginia and Washington. He is registered with five self-regulatory organizations (SROs): FINRA, NYSE American LLC, Nasdaq PHLX LLC, the Nasdaq Stock Exchange, and the New York Stock Exchange.
According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.
In October 2017 a claimant alleged John Rauch, while employed at Wells Fargo Advisors, was jointly liable for the wrongdoings of a partner who recommended unsuitable money managers. The customer is seeking at least $4.5 million in damages in the pending complaint.
In 2015 a claimant alleged John Rauch, while employed at Wells Fargo Advisors, executed an unsuitable amount of trades and charged unsuitable fees. The complaint settled in 2016 for more than $10,200.
If you have lost money investing with John Rauch, you may be entitled to recoup your losses. Call 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.