Patrick John Ratz of Oakhurst New Jersey a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which settled for $15,500.00 in damages on March 2, 2018 based upon allegations that misrepresentations had been made to the customer concerning modifications to the customer’s portfolios within a variable annuity investment causing the customer to incur undue tax liability.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on July 9, 2008, a customer filed an investment related complaint regarding Ratz’s conduct where the customer requested $5,000.00 in damages supported by accusations that while Ratz was associated with IFMG Securities, Inc., a mutual fund purchase effected in the customer’s account was not suitable for the customer.
Ratz’s registration with Wells Fargo Clearing Services, LLC was terminated as of May 30, 2018. He has been associated with TFS Securities, Inc. since May 24, 2018.
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