Robert Rose: $1mm Complaint Against Wells Fargo Advisor

Tampa, Florida financial advisor Robert Rose (CRD# 2874342) recently received an investor complaint alleging that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Wells Fargo Clearing and Wells Fargo Advisors, respectively.

Mr. Rose’s BrokerCheck report discloses two investor complaints. The most recent, filed in August 2024, alleges that as a representative of Wells Fargo Clearing Services, he recommended unsuitable municipal bond investments. The pending complaint alleges damages of approximately $1 million.

An earlier investor complaint, filed in 2013, alleged that as a Wells Fargo representative, he failed to advise the customer regarding fees or changes associated with a mutual fund’s owner, and did not contact her prior to purchasing the product. The complaint alleged damages of $7,500 and was denied by the firm.

Wells Fargo’s website includes a profile of Mr. Rose in which he describes his strategies and approach to working with his clients. “I can deliver a full range of investment planning strategies tailored to your unique needs,” he writes. “Whether you are investing for retirement, education expenses or some other goal, I will help you make informed decisions about your investment strategy. You have access to additional resources available through affiliates, including trust and estate services, insurance products, and much more.”

According to the Financial Industry Regulatory Authority, Robert Rose holds 27 years of securities industry experience. Based in Tampa, Florida, he has been registered as a broker and an investment advisor with Wells Fargo since 2009. His registration history includes Banc of America Investment Services, UBS Financial Services, and H&R Block Financial Advisors. His credentials include the passage of seven securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the Municipal Securities Representative Examination, or Series 52; 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 Combined State Law Examination, or Series 66. He holds 29 state licenses. (Information current as of September 22, 2024.)

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