Jose Murcia Embroiled in Investor Dispute
Jose Murcia (CRD #: 1589943), a broker registered with Wells Fargo Clearing Services, was involved in a recent investor dispute, according to his BrokerCheck record, accessed on April 22, 2022. To learn more about Jose Murcia’s conduct as a broker, read on.
On January 14, 2022, an investor alleged that Jose Murcia failed to disclose that his account would incur a surrender penalty if funds were withdrawn within a seven-year period. This dispute was denied by the firm.
Investors should know, however, that firms can deny disputes without allowing an external review. Investors may be able to recover their losses by pursuing FINRA arbitration following a denial.
FINRA Rule 2020
FINRA Rule 2020 prohibits the use of deception, manipulation, and other fraudulent tactics to influence the sale or purchase of securities. Misrepresentation or omission of an investment’s costs or risks falls under this rule.
Jose Murcia 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
Jose Murcia is a registered broker in 11 states and a registered investment adviser in California and Texas.
Previously, he has also worked for the following firms:
- Wells Fargo Investments (CRD#:10582)
- Banc of America Investment Services (CRD#:16361)
- Citicorp Investment Services (CRD#:23988)
- Signator Investors (CRD#:468)
- John Hancock Mutual Life Insurance Company (CRD#:5181)
Kurta Law Can Help
If you worked with Jose Murcia and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.