Victim of Financial Fraud? Call Now

Alexander Newman Resigns from Wells Fargo Clearing Services

Jun 21, 2022 General

Alexander Newman (CRD #: 6015559), a former broker, resigned from his firm, according to his BrokerCheck record, accessed on June 11, 2022. Read on if you have questions about Alexander Newman’s conduct as a broker.

Resignation from Wells Fargo Clearing Services

On April 27, 2022, Alexander Newman resigned from Wells Fargo Clearing Services following an allegation that he failed to obtain approval for an outside business activity. Alexander Newman also allegedly hosted a client event, featuring a guest speaker who financially supported the event, without approval from the firm.

Outside Business Activities

Alexander Newman’s detailed BrokerCheck report lists only one other business activity: He is the founder of retiree social group Retire Temecula.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to disclose any compensation they will receive from business conducted outside of their firm, as well as disclosing their role in the transaction.

Background Information

Alexander Newman has passed the following exams:

  • Series 66 - Uniform Combined State Law Examination
  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 6 - Investment Company Products/Variable Contracts Representative Examination

In the past, he worked for the following firms:

  • Wells Fargo Clearing Services (CRD#:19616)
  • J.P. Morgan Securities (CRD#:79)
  • Chase Investment Services (CRD#:25574)

Kurta Law Can Help

If you worked with Alexander Newman and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.