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Franz Koch is Facing Unauthorized Trading Allegations

Franz Koch (CRD #: 4467954), a broker registered with Wells Fargo Clearing Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 3, 2024. Keep reading if you have questions regarding this dispute. 

Investor Allegations 

On January 24, 2024, an investor alleged that Franz Koch engaged in unauthorized trading. 

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. Unauthorized trading also violates this rule. 

Background Information 

Franz Koch has passed the following exams: 

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

He is a registered broker in ten states. He is also a registered investment adviser in Florida, Kentucky, and North Carolina. 

During his 16 years of experience, Franz Koch has registered with the following firms: 

  • Wells Fargo Clearing Services (CRD #: 19616) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • National Asset Management (CRD #: 115927) 
  • National Securities Corporation (CRD #: 7569) 

Kurta Law Can Help 

If you have worked with Franz Koch and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.

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