Former Wells Fargo Clearing Services, LLC broker Ajay Murthy (CRD# 2316551) is accused of misappropriation. He was registered with Wells Fargo Clearing Services, LLC in Baton Rouge, Louisiana, from 2015 to 2027, and Morgan Stanley in Baton Rouge, Louisiana, from 2009 to 2015.
Ajay Murthy Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2024. “Claimant alleges her Financial Advisor (FA) misappropriated funds from Claimant’s account for the FA’s own personal gains.” The customer is seeking $2,228,442.18 in damages, and the case is currently pending. The complaint took place while he was registered with Wells Fargo Clearing Services, LLC.
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 Ajay Murthy’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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