Alan Gross is the Subject of a Market-Linked CD Dispute

Alan Gross (CRD #: 2832306), a broker registered with Wells Fargo Clearing Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 22, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On May 29, 2024, an investor named Alan Gross in a dispute alleging that they did not recall authorizing the purchase of two market-linked certificates of deposit that had longer maturities than usual. The dispute was denied, but investors should know that firms can deny disputes without any external review. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Alan Gross has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination  

He is a registered broker in 29 states and D.C. He is a registered investment adviser in Georgia and Texas. 

During his 27 years of experience, he has registered with three firms: 

• Wells Fargo Clearing Services (CRD #: 19616) 
• Quick & Reilly (CRD #: 11217) 
• Dean Witter Reynolds (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Alan Gross and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.