Clifford Rutledge: Two Regulatory Sanctions

Clifford Rutledge

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 7, 2017 indicate that former Florida-based Wells Fargo Advisors broker/adviser Clifford “Bo” Rutledge, who has been the subject of regulatory sanctions and customer disputes, is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Rutledge (CRD# 16430380.)

Clifford Rutledge has spent 28 years in the securities industry and was most recently registered with Wells Fargo Advisors in Miramar Beach, Florida (2012-2016). Previous registrations include Morgan Keegan & Company in Pensacola, Florida; UBS Financial Services in Destin, Florida; Morgan Keegan & Company in Destin, Florida; EQ Financial Consultants in New York, New York; the Equitable Life Assurance Society of the United States in New York, New York; the Biedenharn Investment Group; Dean Witter Reynolds in Purchase, New York; Equico Securities in New York, New York; and American Express Financial Advisors. He is currently not registered with any state or firm.

According to his BrokerCheck report, Clifford Rutledge has received two customer complaints and two regulatory sanctions.

In 2012 the Florida Department of Financial Services sanctioned him following allegations he “had not complied with the state’s insurance license continuing education requirements.” He was required to earn the necessary hours within 120 days of the Department’s consent order.

In 2008 the Florida Department of Financial Services sanctioned him following allegations he “had not complied with the state’s insurance license continuing education requirements.” He was issued a $250 fine and a consent order.

In 2008 a customer alleged Clifford Rutledge, while employed at Morgan Keegan & Company, misrepresented material facts related to a mutual fund investment. The complaint settled for more than $83,600.

In 1997 a customer alleged Clifford Rutledge, while employed at the Equitable Life Assurance Society of the United States, misrepresented the terms of a variable annuity contract. The complaint settled for more than $51,100.

If you have lost money investing with Clifford “Bo” Rutledge, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.