David Jay Homan, of Bay City, Michigan, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been named in a customer initiated investment related arbitration claim, which settled on April 6, 2016, for $206,500.00 in damages based upon allegations that Homan misappropriated funds during the period in which he was trustee of the customer’s trust.
On December 2, 2014, Homan was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to communicate with FINRA personnel pursuant to an information request. Letter No. 2014041191501.
Homan’s registration with Wells Fargo Advisors, LLC, ended on April 28, 2014, based upon allegations that he was internally investigated for failing to disclose to the firm that he served as a customer’s personal representative and was also a beneficiary on the customer’s account.
Guiliano Law Group
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