Victim of Financial Fraud? Call Now

Randy Moening Allegedly Misrepresented Investments

Sep 20, 2022 Misrepresentation

Randy Moening (CRD #: 3029155), a broker registered with Wells Fargo Clearing Services, allegedly made misrepresentations, according to his BrokerCheck record, accessed on August 27, 2022. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

In a dispute filed on July 5, 2022, an investor alleges that Randy Moening misrepresented certain investments as conservative, liquid investments when they later lost significant value and incurred a contingent deferred sales charge. The client alleges that this misrepresentation occurred between November 23, 2020, and July 5, 2022. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulative, deceptive, and otherwise unethical tactics to influence the purchase and sale of securities. This includes the misrepresentation of an investment’s risks, requirements, or fees.

Background Information

Randy Moening has passed the following exams:

  • Series 66 – Uniform Combined State 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
  • Series 24 – General Securities Principal Examination
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination

Randy Moening is a registered broker in 23 states and a registered investment adviser in Texas.

He previously worked for Banc of America Investment Services (CRD#:16361).

Kurta Law Can Help

If you worked with Randy Moening 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.