Alan Rose, a registered broker with Wells Fargo was accused of violating securities laws. These include making unsuitable investment recommendations in a client account and over-concentrating that portfolio in unsuitable investments. Allegedly, during the period of November 2011 until January 2013, Rose misrepresented and recommended unsuitable purchases of Puerto Rico municipal bond funds and New York State bonds. Firms like Wells Fargo have been in hot water with securities regulators because of their lack of supervision in regard to their brokers selling Puerto Rico bonds. These bonds are risky and illiquid, as the debt of the territory continues to grow. We are securities attorneys who sue firms like Wells Fargo in the arbitration forum in order to recover money for victims who have suffered investment losses because of the unsuitable recommendations from brokers like Mr. Rose. Please call us today to find out how your losses may be recoverable on a contingency fee basis. The call to us is free with no obligation, so please do not delay.
According to his public BrokerCheck record with the Financial Industry Regulatory Authority (FINRA), Alan Rose was registered with Morgan Stanley in Melville, New York from July 1983 until April 2007, Morgan Stanley in Melville from April 2007 until October 2007 and UBS in Melville from October 2007 until February 2013. He is currently registered with Wells Fargo in Melville and has been since January 2013. He has six customer disputes against him, one of which is currently pending.
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