Joseph Alan Marshall of Dallas Texas a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $100,000.00 on October 19, 2016 based upon allegations Marshall mismanaged the customer’s investment account and placed the customer in direct investments that failed to conform to the customer’s objectives for investing.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Marshall is referenced in three more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with Wachovia Securities. Specifically, a customer initiated investment related arbitration claim involving Marshall’s activities was settled for $125,000.00 in damages supported by allegations that the customer had been placed in variable annuity sub-accounts that were not suitable for the customer. New York Stock Exchange (NYSE) Arbitration No. 2003-011878 (June 2, 2004).
Subsequently, a customer initiated investment related arbitration claim concerning Marshall’s conduct was resolved for $149,999.00 in damages founded on accusations that Marshall executed transactions in the customer’s account that were not suitable for the customer, causing the customer’s assets to be over-concentrated in volatile and risky mutual fund investments. National Association of Securities Dealers (NASD) Arbitration No. 04-00233 (June 11, 2007). Then, a customer initiated investment related arbitration claim regarding Marshall’s activities was settled for $229,462.50 in damages based upon allegations against Marshall of placing the customer in mutual fund investments that were not appropriate for the customer’s retirement account. NASD Arbitration No. 03-09102 (Apr. 23, 2007).
Marshall has been registered with Wells Fargo Clearing Services LLC since March 24, 1999.
