Howard Graham Fired by Wells Fargo Following Allegations of Unauthorized Trading

Howard Graham (CRD #: 717332) has been fired by Wells Fargo Clearing Services. This disclosure appears on his BrokerCheck record, accessed on September 8, 2023. Keep reading if you have questions about his alleged conduct. 

On July 19, 2023, Wells Fargo Clearing Services fired Howard Graham following allegations he admitted to not receiving client authorization to place trades and exercised time and price discretion. 

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. Brokers are only allowed to exercise time and price discretion on the business day when the customer specifically granted the broker discretion. 

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 

Howard Graham has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 3 National Commodity Futures Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 

He has registered with the following firms: 

• Wells Fargo Clearing Services (CRD #: 19616) 
• Stifel Nicolaus & Company (CRD #: 793) 
• First Union Securities (19616) 
• Painewebber (CRD #: 8174) 
• J.C. Bradford & Co. (CRD #: 1287) 
• Sunburst Financial Group (CRD #: 27348) 
• McLarty & Duddleston (CRD #: 2480) 
• Bache Halsey Stuart Shields Incorporated (CRD #: 7471)
• E.F. Hutton & Company (CRD #: 235) 

Kurta Law Can Help

If you worked with Howard Graham 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. The firm only earns a fee if our securities attorneys recover money on your behalf.