Last Updated: August 2025 — Las Cruces & Deming, New Mexico
Here’s what you need to know about Las Cruces & Deming, NM, stockbroker Michael Jacob Montano:
- Name: Michael Jacob Montano
- CRD Number: 6614170
- Current Employer: Wells Fargo Clearing Services, LLC / Wells Fargo Advisors
- Function: Stockbroker / Financial Advisor
- Primary Location: Las Cruces & Deming, NM
- Prior Employer: Edward Jones
- Can Michael Montano be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Licensing and Registrations:
- Registered with 11 Self-Regulatory Organizations
- Licensed in 7 U.S. states and territories (including New Mexico, Texas, Arizona, California, Florida, Alabama, and Virginia)
- Exams Passed:
- Securities Industry Essentials Exam (SIE)
- General Securities Representative Exam (Series 7)
- Uniform Combined State Law Examination (Series 66)
- Pending Customer Dispute Amount: $61,109
If you’ve sustained damages from Mr. Montano, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Montano As Your Stockbroker?
In May 2025, a pending customer dispute was filed against Wells Fargo Clearing Services, LLC in New Mexico State Court (Third Judicial District Court, Dona Ana County, Case No. CV-2025-1449). The customer alleges unexpected fees associated with a withdrawal from a fixed annuity product, damages of $61,109 are sought in this currently pending matter.
Allegations of Broker Misconduct Against Michael J. Montano
- Failure to disclose fees associated with a fixed annuity withdrawal
Such allegations may reflect a failure to meet the obligations outlined in FINRA Rule 2111 (Suitability Rule) and FINRA Rule 2010, which emphasize transparency, fair dealing, and the duty of brokers to act in accordance with the highest standards of commercial honor.
FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
Investigations involving other Wells Fargo brokers
If you have suffered investment losses in an account handled by Michael Jacob Montano, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.