Norman Paul Harres of Virginia Beach Virginia a stockbroker currently employed by Wells Fargo Clearing Services, LLC is the subject of a customer initiated investment related written complaint which settled for $62,199.32 on April 23, 2018 based upon accusations that Harres made false statements to the customer regarding the features on a variable annuity purchased by the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Harres is referenced in two more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with Wachovia Securities, LLC and Wells Fargo Advisors. In particular, on July 16, 2008, a customer filed an investment related arbitration claim involving Harres’ conduct in which the customer requested $6,829.06 in damages supported by accusations that Harres effected unit investment trust transactions in the customer’s account that were not suitable for the customer because the customer’s goal was principal protection.
Thereafter, on September 30, 2016, a customer filed an investment related complaint concerning Harres’ activities where the customer sought more than $5,000.00 in damages founded on allegations that Harres put the vast majority of the customer’s assets in illiquid variable annuity investments while failing to discuss the terms, conditions and the surrender penalties.
FINRA Public Disclosure also reveals that on April 19, 2002, Harres has been discharged by prior brokerage firm employer, Bank of America, based upon accusations that Harres neglected to conform to the firm’s policies.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
