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Investor Alleges Ralph Courtland Recommended Unsuitable Annuities

Jun 3, 2022 Unsuitable Investments

Ralph Courtland (CRD #: 4374698), a broker registered with Wells Fargo Clearing Services, is involved in several pending disputes, according to his BrokerCheck record, accessed on May 28, 2022. Read on to learn more about Ralph Courtland’s conduct as a broker.

Investor Disputes

In a dispute filed on February 18, 2022, an investor alleged that Ralph Courtland recommended unsuitable annuities from April 2012 to September 2019. The client also alleges that the branch manager of the unspecified firm failed to supervise Ralph Courtland during this time. This dispute remains pending.

On September 10, 2019, beneficiaries of an estate alleged that Ralph Courtland and other brokers mismanaged the assets of a former client and his late wife, wrongfully permitted a third party to transfer assets from their accounts, and executed transactions in their accounts that were not suitable given their financial, investment, and estate planning objectives. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to determine whether an investment adequately matches their investor’s financial goals. Brokers must consider the information contained in the investor’s profile, which includes the following investor characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor will hold the investment)
  • Investing experience
  • Tax status

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Ralph Courtland has passed the following exams:

  • Series 66 - Uniform Combined State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 31 - Futures Managed Funds Examination
  • Series 7 - General Securities Representative Examination
  • Series 9 - General Securities Sales Supervisor - Options Module Examination
  • Series 10 - General Securities Sales Supervisor - General Module Examination

Ralph Courtland is a registered broker in 23 states and a registered investment adviser in New Jersey.

He has also worked for the following firms:

  • A. G. Edwards & Sons (CRD#:4)
  • Morgan Stanley (CRD#:7556)
  • Morgan Stanley DW (CRD#:7556)

Kurta Law Can Help

If you worked with Ralph Courtland and you have concerns about your investments, please contact us today at 877-600-0098 or 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.