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Ferris Ahn Terminated by Wells Fargo Clearing Services

Ferris Ahn (CRD #: 2645211) has been fired by Wells Fargo Clearing Services. This disclosure appears on his BrokerCheck record, accessed on October 6, 2023. Keep reading if you have questions about his alleged conduct. 

On August 18, 2023, Wells Fargo Clearing Services fired Ferris Ahn following allegations that he placed trades in a customer account without the client’s authorization. He allegedly disclosed this information during the course of a firm investigation. 

FINRA Rule 3260

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 3260 also violate this rule. 

Background Information 

Ferris Ahn 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 

He has registered with 11 firms during his 17 years of experience as a registered broker: 

  • Wells Fargo Clearing Services (CRD #: 19616) 
  • HSBC Securities (USA) Inc. (CRD #: 19585) 
  • USAA Financial Advisors (CRD #: 129035) 
  • Suntrust Investment Services (CRD #: 17499) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • Banc of America Investment Services (CRD #: 16361) 
  • CitiGroup Investment Services (CRD #: 7059) 
  • CitiCorp Investment Services (CRD #: 23988) 
  • AXA Advisors (CRD #: 6627) 
  • Raymond James & Associates (CRD #: 705) 
  • Ferris, Baker Watts Incorporated (CRD #: 285) 

Kurta Law Can Help

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

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