Glen Joseph Webster of Atlanta Georgia a stockbroker formerly registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related complaint on March 25, 2019 where the customer requested damages estimated to exceed $5,000.00 founded on accusations that (1) the customer was provided false information about investments and (2) there were non-disclosures concerning the sale of the customer’s foreign equity investments which resulted in unwarranted liabilities being incurred by the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Webster is referenced in two additional customer initiated investment related disputes that concern allegations of his misconduct during the period in which he was employed by Wells Fargo Advisors. Specifically, on November 23, 2016, a customer initiated investment related complaint in regard to Webster’s activities was resolved for $25,000.00 in damages based upon accusations that the risks and drawbacks of an investment strategy had not been properly communicated to the customer at the time that the strategy was implemented.
On March 14, 2017, another customer initiated investment related complaint involving Webster’s conduct was settled for $145,000.00 in damages supported by allegations of omissions concerning a money manager’s covered call strategy which Webster advised for the customer to pursue when he was associated with Wells Fargo Advisors.
FINRA Public Disclosure additionally reveals that Webster has been discharged from prior securities broker dealer employer, Chase Investment Services Corp, founded on accusations of Webster’s unauthorized transactions involving a customer of Chase.
