JERSEY CITY, NEW JERSEY
Have you lost money with financial advisor Ramon Arturo Herrera of Jersey City, New Jersey? We are continuing to look into allegations made by the U.S. Attorney’s Office for the District of New Jersey. In 2019, Ramon Herrera pleaded guilty to securities fraud. It was alleged that he stole over $450,000 from 40 clients by withdrawing funds from their accounts at Wells Fargo.
In 2021, Herrera was sentenced to serve 27 months in prison. Herrera was alleged to have committed the fraud between 2015 and 2018. Herrera was also the subject of an action by FINRA, the Financial Industry Regulatory Authority in 2018. FINRA barred Herrera from the securities industry.
Ramon Herrera was a financial advisor and registered representative of Wells Fargo from 2012 to January 2018. He worked at branch offices in Jersey City, New Jersey. Herrera has been the subject of three customer complaints.
Brokerage firms like Wells Fargo have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Wells Fargo.