John Perrin Kellar of Fort Lauderdale Florida a stockbroker and investment adviser representative of Wells Fargo Advisors Financial Network LLC is the subject of a customer initiated investment related complaint on April 6, 2020 in which the customer sought more than $5,000.00 in damages founded on allegations that they were placed into unsuitable investments by Kellar and that the stockbroker neglected to follow the customer’s instructions which caused the customer to experience damages.
Kellar has been identified in four more customer initiated investment related disputes containing accusations of his improper conduct during the time that he was employed by securities broker dealers including Dean Witter Reynolds, Prudential Equity Group and Wells Fargo Advisors. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer filed an investment related FINRA securities arbitration claim concerning Kellar’s conduct where the customer requested compensatory damages based upon allegations that misrepresentations had been made by the stockbroker concerning stocks and equities.
Kellar is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $38,162.51 in compensatory damages based on Kellar being found liable on the customer’s claims of unsuitable investment advice and breach of fiduciary duty as it pertained to the customer’s equities holdings at Prudential Equity Group. Another customer filed an investment related complaint regarding Kellar’s activities where the customer sought $6,826.27 in damages supported by accusations that Kellar failed to inform the customer about their funds being used for a variable annuity in which the customer’s assets were exposed to market risk and surrender charges.
Kellar has been referenced in a customer initiated investment related written complaint where the customer requested compensatory damages founded on allegations that excessive trades had been made in the customer’s Wells Fargo account. The complaint also alleges that transactions were made without the customer’s knowledge or consent and were unsuitable for the customer. According to the complaint, Kellar had stolen the customer’s funds.
On April 23, 2018, another customer filed an investment related complaint involving Kellar’s conduct in which they sought compensatory damages based upon accusations that Kellar placed them in certificates of deposit that failed to be in their best interests.
Kellar was registered with Wells Fargo Clearing Services until November 5, 2020. He has been registered with Wells Fargo Advisors Financial Network since November 5, 2020.