Glen Joseph Webster of Appleton Wisconsin a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related complaint which settled for $145,000.00 on March 14, 2017 based upon allegations that the customer was not provided adequate information concerning the costs of disengaging an outside money manager’s covered call strategy utilized for the customer’s account at Webster’s recommendation.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on November 23, 2016, a customer initiated investment related complaint regarding Webster’s conduct was resolved for $25,000.00 in damages supported by accusations that omissions had been made to the customer concerning risks of the investment strategy implemented in the customer’s managed/wrap accounts.
FINRA Public Disclosure additionally reveals that Webster was discharged from prior brokerage firm employer, Chase Investment Services Corp, founded on allegations that he gained unauthorized access to a customer’s account information. Webster’s registration with Wells Fargo Clearing Services, LLC has been terminated as of November 6, 2018. Since November 1, 2018, Webster has been employed by IFS Securities.
