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Joseph Dougherty Allegedly Failed to Follow Instructions

Dec 20, 2021 Investor Disputes

Joseph Dougherty (CRD #:4952172), a registered broker and investment advisor with Wells Fargo Clearing Services, is involved in an investor dispute, according to his BrokerCheck record, accessed on November 24, 2021. Keep reading for more details if you are concerned about Joseph Dougherty's conduct as a broker. 

Investor Allegations 

On August 3, 2021, an investor filed a dispute against Joseph Dougherty. According to the investor, in January 2019, Joseph Dougherty allegedly advised him to take his funds out of the market and into a more stable account with a lower reward and lower risk that would amass at least 5% growth a year. According to the client, upon receiving a recent statement, he realized his money was not invested. 

It is the duty of a broker to perform a customer's orders promptly in a manner best suited to serve the customer's best interest. Failure to follow customer instructions, both as directed and in a timely manner, violates FINRA Rule 2010, which requires all registered members to observe high standards of commercial honor and just principles in their business dealings. 

When a broker fails to follow your instruction or execute your order promptly, you may be able to recover your investment losses through FINRA arbitration. 

Background Information 

Joseph Dougherty has passed the following exams: 

  • 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 

Joseph Dougherty is a registered broker in 12 states. He is also a registered investment advisor in Pennsylvania and Texas. 

Besides Wells Fargo Clearing Services, Joseph Dougherty has worked with the following firms: 

  • Edward Jones (CRD#:250) 
  • The Leaders Group (CRD#:37157) 
  • Hartford Equity Sales Company (CRD#:6604) 
  • Vanguard Marketing Corporation (CRD#:7452) 

Kurta Law Can Help 

If you have worked with Joseph Dougherty and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or 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 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.