Erez Law is currently investigating Wells Fargo Clearing Services, LLC broker Ronald Sirt (CRD# 1289440) regarding options investment losses. He has been registered with Wells Fargo Clearing Services, LLC in Chicago, Illinois since 2012.
In January 2014, FINRA sanctioned him to pay a $30,000 civil and administrative penalty and fine. The complaint was regarding: “Sirt was a supervisor in his member firm’s private client services (PCS) group. In that capacity, sirt was responsible for supervising fixed income transactions. Some firm customers of the pcs group paid excessive markups on certain fixed income transactions. In connection with those transactions, sirt failed to detect the excessive mark-ups and failed to reasonably enforce the firm’s procedures related to fair pricing.”
Ronald Sirt Customer Complaints
He has been the subject of one customer complaint in 2022, according to his CRD report:
August 2022. “Claimant alleges that Wells Fargo and its Financial Advisors disregarded her instructions regarding an account that she was entitled to joint ownership over.” The customer is seeking $4,731,350 in damages and the case is currently pending. The complaint was regarding options.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Wells Fargo Clearing Services, LLC may be liable for investment or other losses suffered by Ronald Sirt’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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