Public records published by the Financial Industry Regulatory Authority (FINRA) on February 27, 2017 indicate that New York-based Wells Fargo Clearing Services broker/adviser Alan Rose has been the subject of numerous resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Rose (CRD# 1157972).
Alan Rose has spent 33 years in the securities industry and has been registered with Wells Fargo Clearing Services in Melville, New York since 2013. Previous registrations include UBS Financial Services in Melville, New York; Morgan Stanley & Company in Melville, New York; and Morgan Stanley DW in Melville, New York. He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); and Series 7 (General Securities Representative Examination). He is a registered broker and investment adviser with 19 US states and territories.
According to his BrokerCheck report, he has received five customer complaints and one pending customer complaint.
In January 2017 a customer alleged Alan Rose, while employed at Wells Fargo, over-concentrated the portfolio in unsuitable mutual fund investments. The customer is seeking unspecified damages in the pending complaint.
In 2015 a customer alleged Alan Rose, while employed at UBS Financial Services, misrepresented and recommended unsuitable investments in in Puerto Rico municipal bonds and New York State bonds. THe complaint settled for $84,500.
In 2009 a customer alleged Alan Rose, while employed at Morgan Stanley & Company, recommended an unsuitable variable annuity investment. The complaint settled for more than $9,100.
In 2003 a customer alleged he, while employed at Morgan Stanley, made unsuitable investment recommendations. The complaint settled for $31,000.
In 2004 a customer alleged he, while employed at Morgan Stanley DW, recommended unsuitable products and executed unauthorized rollovers of a unit investment trusts. The complaint settled for $16,000.
In 1992 a customer alleged he, while employed at Dean Witter, executed excessive, unauthorized and unsuitable trades. The complaint settled for $195,000.
If you have lost money investing with Alan Rose, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.