Last Updated: June 2024 (Naples, FL)
Thomas Moran Investigation Summary
Here’s what you need to know about Naples, Florida, stockbroker Thomas Moran:
- Name: Mr. Thomas Michael Moran
- Current Employer: Moran Wealth Management (RIA) , Not currently registered with FINRA
- Previous Firms: Wells Fargo Advisors
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Tom Moran
- Primary Location: Naples, Florida
- CRD 709062
- Can Tom Moran be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $1,000,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Thomas Moran As Your Stockbroker?
In 3/2024 a customer of Wells Fargo Advisors Financial Network filed a FINRA arbitration alleging that Tom Moran acted contrary to her instructions which resulted in unnecessary tax implications and prevented her account from growing to its full potential. Damages if one million are sought in this pending case.
Two other customer complaints were filed earlier in Mr. Moran’s career. Both alleged unauthorized trading and both were denied by the company and apparently the customers did not pursue the matter any further.
Allegations of Broker Misconduct Against Thomas Moran
Customers of Tom Moran have alleged the following wrongdoing in connection with the handling of customer accounts:
- Failure to follow customer’s instructions
- Triggered unnecessary tax liability
- Unauthorized Trading
[LEARN MORE]:
Other Cases Involving Unauthorized Trading
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Investigations involving other Wells Fargo brokers
If you have suffered investment losses in an account handled by Tom Moran, 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.