Harold Weber of Airmont New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages based upon allegations that between December of 2012 and June of 2016: (1) transactions were executed in the customer’s account that were not suitable for the customer and (2) misrepresentations had been made to the customer concerning mutual funds. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01324 (Jan. 23, 2018).
FINRA Public Disclosure reveals that Weber is referenced in three more customer initiated investment related disputes pertaining to accusations of Weber’s violative conduct during the time that he was associated with Wells Fargo Advisors LLC and Morgan Stanley Smith Barney. Specifically, on March 23, 2016, a customer initiated investment related complaint concerning Weber’s conduct was settled to resolve allegations of accusations of unsuitable and excessive closed end fund transactions being placed in the customer’s investment account.
Thereafter, a customer initiated investment related arbitration claim involving Weber’s activities was settled for $15,000.00 in damages founded on allegations that Weber over-concentrated the customer’s investment portfolio in risky and volatile penny stock investments. FINRA Arbitration No. 16-01235 (Aug. 30, 2016). Subsequently, a customer filed an investment related arbitration claim concerning Weber’s conduct in which the customer requested $274,412.20 in damages supported by accusations that the customer’s funds were inappropriately placed in stock, municipal-debt and over-the-counter equities products. FINRA Arbitration No. 18-01164 (Mar. 29, 2018).
Weber’s registration with Wells Fargo Advisors LLC has been terminated as of April 15, 2016. Since August 3, 2016, he has been registered with Aegis Capital Corp.
