Pamela McGee Adams of Irvine, California, a stockbroker formerly registered with Wells Fargo Clearing Services, LLC, is the subject of a customer initiated investment related arbitration claim on September 5, 2017, in which the customer sought $53,510.85 in damages supported by allegations that from February 17, 2016 to April 11, 2017, Adams made unsuitable investment recommendations to the customer. The customer’s investment portfolio was apparently over-concentrated in high-yield, sub-investment grade municipal investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Adams has been subject of two additional customer initiated investment related disputes pertaining to allegations of Adams’ misconduct during the time he was associated with Wachovia Securities, LLC. In particular, on June 19, 2008, a customer filed an investment related written complaint involving Adams’ conduct, in which the customer sought $225,000.00 in damages supported by allegations that Adams misled the customer and made misrepresentations concerning auction rate securities.
Then, on March 24, 2010, a customer filed an investment related written complaint regarding Adams’ activities, in which the customer sought $40,000.00 in damages supported by allegations that Adams failed to sell the customer’s mutual fund holdings when instructed to do so; Adams instead made mutual fund recommendations that were not appropriate for the customer.
Guiliano Law Group
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