Andrew Stephen Vitek Jr. of Jenkintown Pennsylvania a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been identified in a customer initiated investment related arbitration claim where the customer sought at least $152,000.00 in damages founded on accusations that (1) mutual funds and structured products were not suitable for the customer given their speculative nature (2) transactions were effected without the customer’s knowledge or permission when Vitek was employed by Wells Fargo Clearing Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03623 (Dec. 11, 2019).

Vitek is referenced in two more customer initiated investment related disputes containing allegations of his wrongdoing while associated with securities broker dealers including Wells Fargo and Janney Montgomery Scott. FINRA Public Disclosure reveals that a customer filed an investment related complaint involving Vitek’s conduct in which the customer requested unspecified damages based upon allegations of unauthorized stock trading by Vitek when he was associated with Wells Fargo.

Vitek is also referenced in a customer initiated investment related complaint which was settled on July 16, 2019 for $7,367.00 in damages. According to the claim, securities which Vitek recommended failed to be suitable for the Janney Montgomery Scott customer. The customer was allegedly charged excessive advisory fees on over-the-counter equities transactions.

Vitek’s employment with Wells Fargo Clearing Services was terminated on October 13, 2017. He has been registered with Janney Montgomery Scott since October 12, 2017.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

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