German Mora: Terminated From Merrill Lynch

German Mora

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 23, 2017 indicate that Florida-based Wells Fargo Advisors broker/adviser German Mora was terminated from a former employer following allegations of misconduct. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Mora (CRD# 5032958).

German Mora has spent eight years in the securities industry and has been registered with Wells Fargo Advisors in Miami, Florida since November 2016. Previous registrations include Merrill Lynch in San Antonio, Texas; BBVA Securities in San Antonio, Texas; BBVA Compass Investments in San Antonio, Texas; CP Capital Securities in Miami, Florida; and UBS Financial Services in Miami, Florida. He is a registered broker and investment adviser with three US states: California, Florida, and Texas.

According to his BrokerCheck report, German Mora has been terminated from one former employer.

In November 2016 German Mora was terminated from Merrill Lynch following allegations of “Conduct including exercising time and price discretion in client accounts and mismarking trades as unsolicited.”

A solicited trade is a transaction in which a broker or broker-dealer makes contact with a customer to initiate the purchase or sale of a security or securities. Transactions initiated by the customer are regarded as unsolicited. When brokers complete an order ticket for a given trade before presenting it for execution, they must note whether it is a solicited transaction or an unsolicited transaction. Brokers and investment advisers who mis-mark transactions as solicited or unsolicited may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.

If you have lost money investing with German Mora, 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.