FINRA Suspends Jeremy Fortner

Jeremy Fortner (CRD #: 4811478), a broker formerly registered with Wells Fargo Clearing Services, has been suspended and barred by FINRA, according to his BrokerCheck record, accessed on March 30, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

FINRA Suspension

On February 24, 2025, Jeremy Fortner received a Letter of Suspension from FINRA alleging that he failed to comply with an arbitration award/settlement agreement or to satisfactorily provide information about the status of his compliance.

These allegations were made in relation to an arbitration award filed on December 27, 2024. In its complaint, Wells Fargo alleged that Jeremy Fortner breached a promissory note and engaged in unjust enrichment.

Arbitration made Jeremy Fortner liable for a payment of $295,887.36 plus interest of 4.91% per annum to Wells Fargo, as well as $22,000 in attorneys’ fees. You can read the award here.

Jeremy Fortner’s suspension will continue until the required payment is made or discharged.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Investor Disputes

On May 16, 2022, an investor alleged that, between 2018 and 2021, Jeremy Fortner claimed that the client would not pay interest on a margin loan. This dispute was denied by the firm.

However, investors should know that firms can deny disputes without an outside review. Investors can potentially recover their lost funds by pursuing FINRA arbitration after a denial.

Eight disputes, filed from 2021-2023, alleged that Jeremy Fortner took out personal loans from clients in as early as 2016 and failed to fully pay them back. These disputes were settled collectively for approximately $197,066.03. 

On November 23, 2021, an investor alleged that Jeremy Fortner misinformed him in 2020 that the profits from the sale of an annuity would be taxed as capital gains. These profits allegedly placed the client into a higher tax bracket. This dispute was settled for $100,000.

In a dispute filed on August 4, 2021, an investor alleged that Jeremy Fortner solicited him to invest in two private outside investments, borrowed money from him via a promissory note, and executed an unauthorized purchase of a security. This misconduct allegedly occurred between 2018-2021. This dispute was settled for $59,217.52.

On July 19, 2021, an investor alleged that Jeremy Fortner facilitated his involvement in a private placement and outside business activity between 2017-2021. This dispute was settled for $232,405.

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 or omitting information about an investment’s potential fees, risks, or limitations violates this rule.

FINRA Rule 3260

FINRA Rule 3260 forbids brokers from conducting discretionary trading outside of discretionary accounts approved in advance by their client and firm.

FINRA Rule 3280

FINRA Rule 3280 requires brokers to seek approval from their firm before engaging in private securities transactions.

FINRA Rule 3240

FINRA Rule 3240 describes the limited circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members.

Oregon Regulatory Action

On January 6, 2022, the Oregon Division of Financial Regulation ordered Jeremy Fortner to cease and desist, alleging that he solicited a $25,000 loan from a client. He was also fined $20,000.

Bar by FINRA

On November 29, 2021, FINRA barred Jeremy Fortner for allegedly failing to respond to requests for information. His bar took effect on March 3, 2022.

FINRA Rule 9552

FINRA Rule 9552 penalizes members who fail to provide documents, information, or testimony requested by FINRA with a suspension. This suspension converts to a bar if the member fails to request an end to their suspension within three months.

Termination from Wells Fargo Clearing Services

On August 18, 2021, Jeremy Fortner was fired from Wells Fargo Clearing Services after allegedly borrowing money from multiple clients.

Background Information

Jeremy Fortner has passed the following exams:

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 General Securities Representative Examination
• Series 6 Investment Company Products / Variable Contracts Representative Examination

Jeremy Fortner has worked with the following firms:

• Wells Fargo Clearing Services (CRD #: 19616)
• J.P. Morgan (CRD #: 79)
• Chase Investment Services (CRD #: 25574)
• J.P Morgan Institutional Investments (CRD #: 102920)
• T. Rowe Price Advisory Services (CRD #: 108958)
• MML Investors Services (CRD #: 10409)
• InterSecurities (CRD #: 16164)

Kurta Law Can Help

If you worked with Jeremy Fortner and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email info@kurtalawfirm.com.

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 and 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.