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Steven Goodell Allegedly Failed to Follow Annuity Liquidation Instructions

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
June 30, 2023 at 1:31pm

Steven Goodell (CRD #: 5794800), a broker registered with Wells Fargo Clearing Services, allegedly failed to follow instructions, according to his BrokerCheck record, accessed on June 20, 2023. If you want to know more about his alleged conduct as a broker, keep reading.

Pending Dispute

On April 27, 2023, the daughter of a client alleged that Steven Goodell failed to follow instructions to liquidate an annuity, leading to tax consequences. This misconduct allegedly occurred between January 1 and April 27, 2022.

This pending dispute seeks $51,216.30 in damages.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

FINRA Rule 5310

FINRA Rule 5310 requires brokers to execute clients’ transactions according to their instructions and in a timely manner.

Background Information

Steven Goodell has passed the following exams:

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

Steven Goodell is a registered broker in 26 states as well as the District of Columbia and Puerto Rico. He is also a registered investment adviser in Colorado and Texas.

He has also worked for LPL Financial (CRD#:6413).

Kurta Law Can Help

If you worked with Steven Goodell 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. 

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