Brian Fulton Allegedly Misrepresented CD Interest

Brian Fulton (CRD #: 4209607), a broker registered with Wells Fargo Clearing Services, allegedly misrepresented the interest of a certificate of deposit, according to his BrokerCheck record, accessed on November 1, 2024. Investors may have also worked with him through Wells Fargo Advisors. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On August 16, 2024, an investor alleged that Brian Fulton misrepresented the expected interest to be paid on a certificate of deposit at maturity. The client allegedly purchased a $20,000 Goldman Sachs zero-coupon market-linked certificate of deposit on December 22, 2017, to mature in December 2024.

Zero-coupon CDs do not pay interest periodically like a traditional CD. Instead, investors earn the face value of a zero-coupon CD once it matures.

This dispute was denied by the firm. However, investors can still seek out FINRA arbitration and potentially recover their losses even if a firm denies their dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. Misrepresenting an investment’s risks, requirements, or other features violates this rule.

Background Information

Brian Fulton has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Brian Fulton is a registered broker in 25 states and Puerto Rico. He is also a registered investment adviser in Florida and Texas.

He has also worked for the following firms:

• PNC Investments (CRD#:129052)
• BBVA Securities (CRD#:27060)
• PNC Managed Account Solutions (CRD#:110476)
• BBVA Compass Investment Solutions (CRD#:17086)
• Camarda Brothers Financial Advisors (CRD#:113784)
• Merrill Lynch Pierce Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Brian Fulton 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 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.