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Investor Alleges John Wingate Purchased Unsuitable Investments

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
March 10, 2023 at 11:41pm

John Wingate (CRD #: 3177979), a broker registered with Wells Fargo Clearing Services, is involved in a pending dispute, according to his BrokerCheck record, accessed on March 1, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

In a dispute filed on December 19, 2022, an investor alleged that John Wingate purchased unsuitable investments in 2015. This dispute remains pending.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to the client’s profile. An investor’s profile describes characteristics such as their age, tax status, and risk tolerance.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information

John Wingate has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

John Wingate is a registered broker in 19 states and a registered investment adviser in Texas.

He has also worked for the following firms:

  • Wells Fargo Investments (CRD#:10582)
  • WM Financial Services (CRD#:599)
  • Bank United Securities Corporation (CRD#:30288)
  • Southwest Securities (CRD#:6220)

Kurta Law Can Help

If you worked with John Wingate 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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