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Leroy Born Fired by Wells Fargo – Risky Investments
Were you a client of Leroy Born, formerly at Wells Fargo? We are looking into claims involving Leroy Born, who formerly was a representative with Wells Fargo and worked in a Tustin, California office. Born was discharged by Wells Fargo in June 2025.
Wells Fargo’s Allegations Regarding Firing Leroy Born
FINRA’s BrokerCheck discloses the reasons for Born’s termination. According to a BrokerCheck disclosure, Born was fired by Wells Fargo “after a review determined the FA recommended investments inconsistent with certain clients’ recorded investment profiles and risk tolerances”.
Additionally, Leroy Born has been the subject of 11 customer complaints, six of which have been made since October 2024. Some investors alleged that Born made unauthorized investments, that investments were too risky for their risk tolerance, and that Born was not acting in the investor’s best interests.
Background on Leroy Born
Leroy Born was licensed with Wells Fargo from June 2017 to June 2025 at a Tustin, California office. Born is now registered with International Assets Advisory in Las Flores. Born has been in the securities industry since 1999.
Can Wells Fargo Be Liable for Born’s Conduct?
According to FINRA Rule 3110, securities brokerage firms have obligations to sufficiently supervise the activity of its advisors. Wells Fargo could be liable if it failed to reasonably supervise him, considering factors such as the numerous customer complaints made against him.
We Help Investors Nationwide, Including in California
We represent investors throughout the United States as well as California, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Leroy Born and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.