Current Investigations

Ramon Herrera: Two Customer Complaints and an Indefinite Suspension

Ramon Herrera has worked in the securities industry since 2012. He has spent his entire career with Wells Fargo Clearings Services.

Ramon Herrera’s FINRA BrokerCheck report shows that he has been the subject of two customer complaints. The first one was brought forward in January of 2018. The customer’s Power of Attorney alleged excessive trading of the client’s brokerage account, claiming that 75,010 dollars was withdrawn from the client’s bank savings account without permission. Ramon Herrera was one of two Financial Advisors assigned to the client’s account; however, the Power of Attorney did not specify which of the Financial Advisors perpetrated the unauthorized trades or performed the unauthorized withdrawals. This dispute was settled for $105,000

The second customer complaint was brought forward in April of 2018. This case is currently pending. The client’s representative has alleged that Herrera withdrew funds from the client’s account without their permission. The client is seeking $20,000 in damages.

Herrera was suspended indefinitely by FINRA from acting as a securities broker in any capacity due to his failure to respond to a request for information.

If you, or someone you know have lost money investing with Ramon Herrera, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher dedicates its entire legal practice to representing investors across the nation.