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Jeffrey Walls Allegedly Failed to Follow Trustee Instructions

Sep 18, 2023 General

Jeffrey Walls (CRD #: 4226181), a broker registered with Wells Fargo Clearing Services, is the subject of an investor dispute, according to his BrokerCheck record, accessed on September 18, 2023. Details concerning this disclosure are provided below. 

On July 26, 2023, a trustee alleged that Jeffrey Walls sold securities in a discretionary account after having been instructed not to do so. The alleged misconduct took place from October 17, 2022, through August 15, 2023. The investors are seeking $60,000. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow instructions may violate this rule. 

Background Information 

Jeffrey Walls 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 23 states and is a registered investment adviser in Texas and Washington. 

Jeffrey Walls has registered with the following firms: 

  • Wells Fargo Clearing Services (CRD #: 19616) 
  • Merrill Lynch, Pierce, Fenner, & Smith (CRD #: 7691) 
  • Banc of America Investment Services (CRD #: 16361) 

Kurta Law Can Help

If you worked with Jeffrey Walls and have concerns about your investments, please contact us today at 877-600-0098 or 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.