Investor Alleges Samuel Starr Failed to Discuss Investment’s Fees and Commissions

Samuel Starr (CRD #: 1893387), a broker registered with Wells Fargo Clearing Services, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on January 10, 2023. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On October 11, 2022, an investor alleged that Samuel Starr did not discuss the fees, penalties, and commissions associated with an investment recommended on November 10, 2021. This dispute was denied by the firm.

However, investors should be aware that firms don’t need to permit an outside review before denying a dispute. Investors may be able to recoup their losses by pursuing FINRA arbitration after a denial.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent means of influencing investors’ decisions. Misrepresenting or omitting information related to an investment’s risks, requirements, or other features violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Samuel Starr 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 3 – National Commodity Futures Examination
• Series 7 – General Securities Representative Examination

Samuel Starr is a registered broker in 29 states.

He has also worked for the following firms:

• UBS Financial Services (CRD#:8174)
• Wachovia Securities (CRD#:19616)
• Prudential Securities (CRD#:7471)
• PaineWebber (CRD#:8174)
• Lehman Brothers (CRD#:7506)

Kurta Law Can Help

If you worked with Samuel Starr 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.