Charles Lawrence Friedlander (also known as Chuck Friedlander), of Los Angeles, California, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $495,000.00 in damages based upon allegations that Friedlander made unsuitable investment recommendations to the customer regarding an investment portfolio. The claim also alleged that the customer’s account had supposedly been overconcentrated in certain money market funds while Friedlander was associated with Wells Fargo Clearing Services LLC. FINRA Arbitration No. 23-03321 (November 17, 2023). The investor may have stumbled upon this revelation after the stock market increased in value.
This is not the first time that Friedlander has been referenced in a customer initiated investment related dispute concerning his conduct in the securities industry. FINRA Public Disclosure shows that Friedlander was also referenced in a customer initiated investment related complaint filed on November 13, 2018, in which the customer requested $25,584.09 in damages based upon allegations that Friedlander made omissions of material fact about mutual fund risks and did not perform a suitability review on securities transferred into her account during the time that Friedlander was associated with Wells Fargo. This complaint was denied.
Friedlander has been associated with Wells Fargo Clearing Services LLC in Los Angeles, California since July 28, 2003, as a stockbroker. He has been associated with Wells Fargo Advisors in Los Angeles, California since September 3, 2003, as an investment advisor representative.
