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Richard DeYoung Resigned From a Former Employer in Connection to Alleged Rule Violations

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Richard DeYoungPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on July 12, 2017 indicate that Texas-based Wells Fargo Clearing Services broker/adviser Richard DeYoung has been named in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. DeYoung (CRD# 863849).

Richard DeYoung has spent 25 years in the securities industry and has been registered with Wells Fargo Clearing Services in Houston, Texas since 2012. Previous registrations include Merrill Lynch in Houston, Texas; Banc of America Investment Services in The Woodlands, Texas; LPL Financial Corporation in Houston, Texas; UBS Painewebber in Weehawken, New Jersey; AG Edwards & Sons in St. Louis, Missouri; Merrill Lynch in New York, New York; and Prudential Securities in New York, New York. He is a registered broker and investment adviser with 17 US states and territories: Arizona, California, Colorado, Florida, Illinois, Kansas, Louisiana, Maryland, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Vermont, Virginia, Washington and Wisconsin.

According to his BrokerCheck report, Richard DeYoung has received one pending customer complaint and resigned from a former employer in connection to alleged rule violations.

In June 2017 a party of customers alleged Richard DeYoung, while employed at Wells Fargo Clearing Services, recommended unsuitable variable annuity investments in accounts opened in or around 2012. The customers are seeking $650,000 in damages in the pending complaint.

In 2002 he was “permitted to resign” from UBS Painewebber following allegations involving correspondence violations and an order error.

If you have lost money investing with Richard DeYoung, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.