Charles Henry Frieda, Jr. of Irvine California a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related complaint which was resolved on February 28, 2019 for $20,000.00 in damages based upon accusations of unsuitable energy securities recommended by the stockbroker between 2014 and 2018 while associated with Wells Fargo Advisors.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Frieda has been identified in fifty-eight more customer initiated investment related disputes concerning accusations of his misconduct during the time that he was employed by securities broker dealers including Wells Fargo and Morgan Stanley Smith Barney.

On July 25, 2018, a customer initiated investment related complaint concerning Frieda’s activities was resolved for $12,580.00 in damages founded on accusations of Frieda’s energy stock trades failing to algin with the Wells Fargo customer’s objectives for investing. The claim also alleged that the customer was not notified of the risks of investments held in the customer’s Wrap account between 2014 and 2017.

Another customer initiated investment related complaint involving Frieda’s conduct was settled for $153,000.00 in damages on October 12, 2018 based upon allegations of energy stocks failing to comport with the customer’s objectives or risk tolerance when Frieda was associated with Wells Fargo.

Frieda is also referenced in a customer initiated investment related complaint which was settled on January 18, 2019 for $50,000.00 in damages supported by allegations of unsuitable over-the-counter equities transactions in the customer’s Wells Fargo Advisors account which caused the customer to experience unwarranted losses.

Frieda has been barred from associating with any FINRA member in any capacity based upon findings that Frieda’s recommendations of energy sector securities failed to be appropriate for Wells Fargo customers. Letter of Acceptance Waiver and Consent No. 2015045713302 (Dec. 11, 2017).

According to the AWC, customers sustained millions in losses on energy-sector securities that were overconcentrated in their accounts because of Frieda. FINRA found Freida’s conduct violative of Rules 2010 and 2111.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

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.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website