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Todd DeMoss Allegedly Violated State Requirements for Investment Recommendations

Todd DeMoss (CRD #: 2215247), a broker registered with Wells Fargo, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 20, 2023. Keep reading for more information. 

On October 6, 2023, an attorney for an investor alleged that Todd DeMoss recommended investments that were not within State law requirements. The investor is demanding a return of the full purchase price. 

Blue Sky Laws

Blue Sky laws are state-level regulations that offer investors an additional layer of protection against securities fraud. They may also describe which types of investments must register with the state securities board.

FINRA Rule 2010

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

Background Information 

Todd DeMoss 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 

He is a registered broker in 34 states and is a registered investment adviser in Iowa, Missouri, Nebraska, and Texas. 

Todd DeMoss has registered as a broker with the following firms: 

  • Wells Fargo Advisors Financial Network (CRD #: 11025) 
  • Wells Fargo Clearing Services (CRD #: 19616) 
  • Wells Fargo Investments (CRD #: 10582) 
  • Wells Fargo Brokerage Services (CRD #: 16100) 
  • Edward Jones (CRD #: 250) 

Kurta Law Can Help

If you worked with Todd DeMoss and 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 for investors who want 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.

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