Jeffrey Alan Eiler of Fort Lauderdale a stockbroker currently employed by Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim that settled for $135,000.00 in damages based upon accusations of the customer’s investment account being overconcentrated by Eiler in unsuitable mutual funds which led the customer to experience investment losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03142 (July 18, 2019).
FINRA Public Disclosure reveals that Eiler is referenced in eleven more customer initiated investment related disputes containing allegations of Eiler’s violative conduct while employed with Wells Fargo Advisors LLC. Specifically, Eiler is referenced in a customer initiated investment related arbitration claim which was resolved for $50,000.00 in damages founded on accusations that between 2006 and 2016, the stockbroker’s investment recommendations failed to be suitable for the customer. FINRA Arbitration No. 16-01848 (Sept. 25, 2017).
Also, Eiler is the subject of a customer initiated investment related arbitration claim which was settled for $14,999.00 in damages supported by allegations that the customer had been poorly advised by Eiler with regard to trades placed by the stockbroker which caused the customer to incur undue losses. FINRA Arbitration No. 16-02970 (Feb. 10, 2017). On March 28, 2017, another customer initiated investment related complaint involving Eiler’s behavior was resolved for $20,000.00 in damages based upon accusations of unsuitable common and preferred stock trades placed in the customer’s account while Eiler had been associated with Wells Fargo Advisors.
