Herbert Charles Buchbinder of Mission Woods Kansas a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related written complaint which was resolved on October 25, 2016 for $24,999.00 in damages founded on accusations that the customer sustained losses from the equity investments the customer purchased as a result of misleading statements and misrepresentations being made by Buchbinder while he was registered with Wells Fargo.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Buchbinder has been identified in three additional customer initiated investment related disputes containing allegations of his misconduct while he was employed with Wells Fargo Advisors LLC and George K. Baum & Company. Specifically, a customer initiated investment related complaint regarding Buchbinder’s conduct was settled to resolve accusations that unauthorized transactions had been effected in the customer’s account.
Subsequently, a customer initiated investment related complaint concerning Buchbinder’s activities was resolved for $60,000.00 in damages based upon allegations that while Buchbinder was associated with George K. Baum & Company, Buchbinder failed to abide by the customer’s instructions in reference to over-the-counter equities investments. Thereafter, a customer filed an investment related complaint involving Buchbinder’s activities where the customer sought $500,000.00 in damages supported by accusations that transactions were executed in the customer’s account that were not suitable for the customer given the customer’s objectives for investing; and over-the-counter equities trades had been effected in the customer’s account on an excessive basis.
Buchbinder’s registration with Wells Fargo Advisors LLC has been terminated as of May 27, 2016. Since May 25, 2016, Buchbinder has been employed by Stifel, Nicolaus & Company, Incorporated.
