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Ray Ping Allegedly Misled Investors

Ray Ping (CRD #: 6035986), a previously registered broker with Wells Fargo Clearing Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 17, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 26, 2024, an investor alleged that Ray Ping misrepresented what was happening with an investment product. The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover their losses following a denial. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule. 

Background Information 

Ray Ping has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination

During his 11 years of experience, he has registered with two firms: Wells Fargo Clearing Services (CRD #: 19616) and Edward Jones (CRD #: 250). 

Kurta Law Can Help 

If you have worked with Ray Ping and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.