Frank Jose Ortiz (also known as Francisco Jose Ortiz), of Los Angeles, California, a stockbroker and investment adviser representative of Wells Fargo Clearing Services, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $52,500.00 in damages supported by accusations of Ortiz omitting risks relating to the customer’s investment account during the time that he was registered with Wells Fargo Clearing Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03194 (August 6, 2020).

This is the second time a customer has filed a dispute regarding Ortiz’s activities at Wells Fargo. FINRA Public Disclosure shows that a customer filed an investment related complaint concerning Ortiz’s conduct. They sought $55,620.23 in damages based on allegations of unsuitable trading in the customer’s account at Wells Fargo Advisors.

Ortiz has been registered with Wells Fargo Clearing Services as a stockbroker and investment adviser representative since June 1, 2012.

Tags: ,

Comments are closed.