Jonathan Bourgeois is the Subject of a Multi-Million Dollar Dispute

Jonathan Bourgeois (CRD #: 5757664), a broker registered with Wells Fargo Clearing Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 22, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On March 19, 2024, an investor alleged that Jonathan Bourgeois engaged in excessive trading from 2020 through 2023. The investor is seeking $4,159,826.04. 

Excessive Trading

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. Trades must be quantitatively suitable, meaning the number of trades must suit an investor’s needs. Each trade comes with a transaction fee, so too many transactions will result in excessive fees for the investor. Excessive trading is also known as “churning.” 

Background Information 

Jonathan Bourgeois 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 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in 16 states and is a registered investment adviser in California and Texas. 

During his 13 years of experience, Jonathan Bourgeois has registered with the following firms: 

• Wells Fargo Clearing Services (CRD #: 19616) 
• Wells Fargo Investments (CRD #: 10582) 

Kurta Law Can Help 

If you have worked with Jonathan Bourgeois and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

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 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. Do not let securities fraud go unchecked. Start your recovery process today.