Evan Richard Wuhl of New York New York a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim which was settled for $400,000.00 in damages based upon allegations that stock recommendations which had been made by Wuhl failed to be suitable given the customer’s risk tolerance and had resulted in the customer’s losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03061 (Feb. 20, 2020).
Wuhl has been identified in fifteen additional customer initiated investment related disputes concerning accusations of his misconduct while registered with securities broker dealers including Prudential Securities and UBS Financial. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer initiated investment related civil action concerning Wuhl’s activities was resolved for $100,000.00 in damages founded on accusations that misrepresentations were made by the stockbroker in regard to a private investment transaction.
A customer initiated investment related arbitration claim pertaining to Wuhl’s conduct was settled for $135,000.00 in damages supported by allegations that unauthorized transactions were facilitated in the customer’s account and that the stockbroker made bad recommendations of leveraged exchange traded funds during the period in which he was employed by UBS.
An additional customer filed an investment related complaint in reference to Wuhl’s conduct where the customer sought unspecified compensatory damages based upon accusations that stock was purchased in the customer’s account by Wuhl without the customer’s approval. Wuhl is also the subject of a customer initiated investment related arbitration claim which was resolved for $2,500,000.00 in damages based upon accusations of poor investment recommendations by Wuhl when he was the customer’s financial advisor. The claim also alleges that unauthorized and unsuitable leveraged exchange traded funds and mutual funds were selected for the customer’s investment account by the stockbroker.
Another customer initiated investment related arbitration claim involving Wuhl’s conduct was settled for $95,000.00 in damages based upon allegations of ETFs, mutual funds and stocks being inappropriately traded in the UBS customer’s account given the customer’s financial circumstances and objectives for investing. Wuhl is also the subject of a customer initiated investment related arbitration claim which settled for $220,000.00 in damages founded on accusations of bad advice by the stockbroker as it pertained to inverse-leveraged exchange traded funds. The claim also alleges that the customer did not authorize securities liquidations.
