Harold Weber of Airmont New York a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $15,000.00 in damages based upon allegations that unfounded statements had been made about investments sold to the customer during the period in which Weber was employed by Morgan Stanley and Wells Fargo Advisors and (2) recommendations made by the financial advisor failed to be suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00640 (Sept. 9, 2019).
FINRA Public Disclosure reveals that Weber is referenced in four additional customer initiated investment related disputes containing accusations of his violative conduct while he was employed with Wells Fargo Advisors. Specifically, Weber is referenced in a customer initiated investment related written complaint which was settled on March 23, 2016 to resolve allegations that closed end fund trades executed in the customer’s account were not suitable, and trades were effected on an excessive basis during the time that the financial advisor was associated with Wells Fargo Advisors LLC.
Another customer initiated investment related arbitration claim concerning Weber’s conduct was resolved for $15,000.00 in damages supported by accusations that the customer was sold speculative and unsuitable penny stocks by the financial advisor; and the customer’s retirement account was excessively concentrated in inappropriate investments. FINRA Arbitration No. 16-01235 (Aug. 30, 2016).
Weber is also the subject of a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages founded on allegations of bad mutual fund trades being executed in the customer’s investment account; and misrepresentations concerning the risks, terms or performance of those investments being made by Weber while employed by Wells Fargo Advisors. FINRA Arbitration No. 17-01324 (Jan. 23, 2018).
Also, a customer initiated investment related arbitration claim regarding Weber’s conduct was resolved for $40,000.00 in damages based upon accusations of stock, municipal debt and over-the-counter equities trades made by Weber that failed to be appropriate for the customer. FINRA Arbitration No. 18-01164 (July 1, 2019).
Weber’s association with Wells Fargo Advisors LLC was terminated on April 15, 2016. She became registered with Aegis Capital Corp. on August 3, 2016.
