Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » Wells Fargo Stockbroker Subject Of FINRA Arbitration Claim Alleging Negligence

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David Fleming Crossan of Manchester, New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Crossan breached his fiduciary duties, charged excessive commissions, and was negligent in connection with the recommendation and sale of fixed annuities and whole life insurance policies during the time that Crossan was associated with Wells Fargo Clearing Services LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-00355 (February 17, 2022).

This is not the first time that Crossan has been referenced in a customer initiated investment related dispute concerning Crossan’s conduct in the securities industry. FINRA Public Disclosure shows that Crossan was also referenced in a complaint filed on May 7, 2009, in which the customer requested $16,858.00 in damages based upon allegations that Crossan exposed the customer’s funds to risk against the customer’s wishes when Crossan was associated with Wells Fargo Clearing Services LLC.

Crossan was associated with Wells Fargo Clearing Services LLC in Manchester, NJ, as a stockbroker from October of 2006 to September of 2021, and was associated with Wells Fargo Clearing Services LLC in St. Louis, MO, as an investment advisor representative from October of 2006 to September of 2021.

Crossan has been associated with LPL Financial LLC in Manchester, NJ, as a stockbroker since September 9, 2021, and associated with LPL Financial LLC as an investment advisor representative since September 13, 2021.