Close Menu
Free Consultation: 888-976-6111

Tom Moran: $1 Million Complaint Against Wells Fargo Advisor

A recent investor complaint against Naples, Florida financial advisor Tom Moran (CRD# 709062) alleges that his conduct resulted in seven-figure damages. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Wells Fargo broker is currently registered as an investment advisor with Moran Wealth Management.

Mr. Moran’s BrokerCheck report discloses one recent investor complaint. Filed in March 2024, it alleges that as a representative of Wells Fargo Financial Advisors, he acted contrary to the client’s instructions, causing “unnecessary tax implications and prevent[ing] her account from growing to its full potential.” The pending complaint alleges damages of $1 million.

Moran Wealth Management’s website includes a page describing the firm’s philosophy and approach to working with high-net-worth clients. “Moran Wealth takes a very disciplined and personal approach to managing your money,” it explains. “We use our combined team knowledge and experience in this discretionary relationship to help you achieve the long-term goals you’ve set for your portfolio.” Elsewhere on the firm’s website, a profile of Mr. Moran describes his background and experience. “As an Accredited Investment Fiduciary (AIF), I am sworn to act in the best interests of every client,” he states in the profile. “It is an obligation of the designation I accept humbly and enthusiastically. Not all financial advisors are held to this standard.”

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Tom Moran holds 44 years of securities industry experience. Based in Naples, Florida, he has been registered as an investment advisor with Moran Wealth Management since 2022. His registration history includes Wells Fargo Advisors Financial Network (Naples, Florida; 2018-2022), Wells Fargo Clearing Services (Naples, Florida; 2003-2018), Prudential Securities (New York, New York; 1984-2003), Richardson Greenshields Securities (1982-1984), and Paine Webber Jackson & Curtis (1980-1982). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Florida and Texas. (Information current as of June 9, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Jordan Awoye: $310K Complaint Against Former Equitable Advisor

    New York financial advisor Jordan Awoye (CRD# 6600772) recently received an investor complaint alleging that his conduct resulted in damages...

    Read More
  • Brian Beh: FINRA Investigates Frontier Solutions Advisor

    Richmond, Virginia financial advisor Brian Beh (CRD# 1500962) is under investigation by financial industry regulators in connection with alleged rule...

    Read More
  • Mike Shatsky: Sky Alpha Advisor Receives $788K Complaint

    Boca Raton financial advisor Mike Shatsky (CRD# 2430683) recently received an investor complaint alleging that he misrepresented an investment, resulting...

    Read More
  • Chad Bridgers: Cabot Lodge Advisor Faces $400K GWG L-Bond Complaint

    Fayetteville, Arkansas financial advisor Chad Bridgers (CRD# 2475641) recently received an investor complaint alleging that a GWG L-bond investment resulted...

    Read More
  • Previous
  • Next