Ronald Albers is the Subject of an Investor Dispute

Ronald Albers (CRD #: 2401383), a broker registered with Wells Fargo Clearing Services, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on April 22, 2024. Keep reading if you have questions regarding these allegations.

Investor Allegations 

On March 11, 2024, an investor alleged that Ronald Albers engaged in a trading strategy that caused losses in his account. They further alleged a breach of fiduciary duty and negligence. The investor is seeking $50,000. 

Fiduciary Duties

A fiduciary duty is a duty to work in a client’s best interest. Brokers are not fiduciaries, but they must follow the rules set forth by FINRA Rule 2111 and Regulation Best Interest. Registered Investment Advisers (RIAs) are fiduciaries, and brokers are often dually registered as RIAs.  (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Background Information 

Ronald Albers has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in nine states and is a registered investment adviser in Michigan and Texas. 

During his 30 years of experience, Ronald Albers has registered with the following firms: 

• Wells Fargo Clearing Services (CRD #: 19616) 
• Ameriprise Financial Services (CRD #: 6363) 
• Ameriprise Advisor Services (CRD #: 5979) 
• Chatfield Dean & Co. (CRD #: 14714) 

Kurta Law Can Help 

If you have worked with Ronald Albers 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.