Charles Bernard Lynch, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been named in Forty Three customer initiated investment related disputes between October 6, 2014, and August 9, 2016, which collectively settled for $6,932,566.03 in damages based upon allegations against Lynch which included unsuitability, misrepresentation, negligence, and account mismanagement.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Lynch has been identified in six additional customer initiated investment related disputes containing allegations of Lynch’s misconduct while employed with Morgan Stanley and Wells Fargo Advisors, LLC. Particularly, on December 24, 2012, a customer initiated investment related written complaint involving Lynch’s conduct was settled for $14,800.83 in damages based upon allegations that Lynch effected mutual fund transactions in the customer’s account that were not suitable.
On November 8, 2015, another customer filed an investment related written complaint regarding Lynch’s activities based upon allegations that Lynch effected unsuitable energy sector investments in the customer’s investment portfolio. Further, on January 14, 2016, a customer filed an investment related written complaint involving Lynch’s conduct based upon allegations that Lynch effected speculative transactions in the customer’s account which were not suitable.
Subsequently, on July 24, 2016, a customer filed an investment related written complaint regarding Lynch’s activities based upon allegations that Lynch placed unauthorized trades in the customer’s account and effected an investment strategy for the customer which was not suitable. Moreover, on October 25, 2016, a customer filed an investment related arbitration claim regarding Lynch’s conduct in which the customer requested $121,948.00 in damages based upon allegations that between January of 2013 to April of 2016, Lynch effected unsuitable transactions in the customer’s account.
On November 30, 2016, another customer filed an investment related arbitration claim involving Lynch’s conduct based upon allegations that Lynch placed unauthorized trades in the customer’s account, and effected transactions in the customer’s account that were unsuitable and excessive.
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