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Jerome Wenner Allegedly Failed to Follow Client’s 401k Rollover Instructions

Jerome Wenner (CRD #: 4351021), a broker registered with Edward Jones, allegedly failed to follow a client’s instructions, according to his BrokerCheck record, accessed on June 27, 2023. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On April 11, 2023, an investor alleged that Jerome Wenner completed a full 401k rollover into a Roth IRA, instead of a partial rollover intended to limit the client’s tax implications to $30,000. The client sought $58,000 in damages but the dispute was denied by the firm.

Investors should know, however, that firms don’t need to allow an external review before denying disputes. Investors can still pursue FINRA arbitration and potentially recover their funds after a denial.

FINRA Rule 2010

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

Background Information

Jerome Wenner has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Jerome Wenner is a registered broker in 28 states and a registered investment adviser in Minnesota and Texas.

Kurta Law Can Help

If you worked with Jerome Wenner 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 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. 

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