Christopher Todd Wendel, of Celina, Ohio, a stockbroker registered with SA Stone Wealth Management Inc., has been fired on September 5, 2017, supported by accusations that he violated the policies of the firm through selling away; he effected promissory notes transactions outside the firm’s auspices.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Wendel has been identified in five customer initiated investment related disputes containing allegations of Wendel’s misconduct while employed with American Express Financial Advisors, Inc. and WRP Investments. Specifically, on November 15, 2000, a customer initiated investment related written complaint involving Wendel’s conduct was settled for $8,350.00 in damages based upon allegations that Wendel effected mutual fund transactions without the customer’s consent.
Then, on November 7, 2002, a customer initiated investment related written complaint involving Wendel’s conduct was settled for $49,107.00 in damages based upon accusations that Wendel effected unsuitable mutual fund transactions in the customer’s account. Further, on March 28, 2005, a customer filed an investment related arbitration claim involving Wendel’s conduct, where the customer requested $100,000.00 in damages supported by accusations that Wendel misrepresented the terms and conditions associated with maintaining the value of the customer’s variable life insurance death benefit.
Moreover, on March 28, 2005, a customer filed an investment related written complaint involving Wendel’s conduct, in which the customer sought $100,000.00 in damages founded on allegations of misrepresentation pertaining to the customer’s variable life insurance policy. Another customer dispute pertaining to Wendel’s conduct was filed on May 12, 2009, wherein the customer sought $73,000.00 in damages based upon accusations that Wendel effected a variable annuity issued through Lincoln National that was not suitable for the customer.
Subsequently, a customer initiated investment related arbitration claim involving Wendel’s conduct was settled for $90,000.00 in damages supported by allegations that Wendel placed an excessive portion of the customer’s liquid assets into real estate securities, and switched the customer’s mutual fund holdings from lower cost to higher cost shares. FINRA Arbitration No. 13-01216 (Apr. 24, 2014).
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.
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
Our practice is limited to the representation of investors. We accept representation 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 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
