Malena Osborne Terminated by Wells Fargo Clearing Services
Malena Osborne (CRD #: 6916890) has been fired by Wells Fargo Clearing Services, according to her BrokerCheck record, accessed on August 4, 2023. Keep reading if you have questions regarding her conduct as a broker.
On June 12, 2023, Wells Fargo Clearing Services fired Malena Osborne following allegations that she had engaged in undisclosed outside business activity. The firm further alleged that she had not properly documented work hours and utilized an unauthorized remote work location.
Malena Osborne has two outside businesses listed on her detailed BrokerCheck record:
- Short Stack Bullies: Dog breeding
- Rental property: Auto rental via Turo
FINRA Rule 3270
FINRA Rule 3270 requires brokers to disclose any business activities they engage in outside their firm, as well as any compensation they may receive from these activities.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 3270 may also qualify as violations of FINRA Rule 2010.
Background Information
Malena Osbourne has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 Investment Company Products / Variable Contracts Representative Examination
She has only ever registered with Wells Fargo Clearing Services (CRD #: 19616).
Kurta Law Can Help
If you worked with Malena Osborne 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.