Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » Wells Fargo Advisors Pays $2 Million To Settle FINRA Arbitration Claim Over MLPs

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Regan Allen Rohl, of Fargo, ND, a stockbroker registered with Wells Fargo Advisors Financial Network LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,025,000.00 in damages based upon allegations that Rohl engaged in unauthorized trading and made unsuitable recommendations of Master Limited Partnerships “MLPs” during the time that Rohl was associated with Wells Fargo Advisors Financial Network LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03050 (November 12, 2021).

FINRA Public Disclosure shows that Rohl has been referenced in fifteen other customer initiated investment related disputes concerning Rohl’s conduct while associated with securities broker dealers, including Wells Fargo Advisors LLC. On August 11, 2018, a FINRA securities arbitration claim involving Rohl’s conduct was settled for $15,000.00 in damages based upon allegations that Rohl made misrepresentations of material fact in connection with the recommendation and sale of energy sector investments. FINRA Arbitration No. 17-01013.

Rohl was also referenced in a FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Rohl made misrepresentations of material fact and made unsuitable recommendations of energy sector investments. FINRA Arbitration No. 17-02191 (August 11, 2018).

On October 11, 2018, a FINRA securities arbitration claim involving Rohl’s conduct was settled for $375,000.00 in damages based upon allegations that Rohl made unsuitable recommendations of direct investments. FINRA Arbitration No. 18-00562.

Rohl was also referenced in a FINRA securities arbitration claim that was settled for $296,500.00 in damages based upon allegations that Rohl made unsuitable recommendations and overconcentrated the customer’s accounts in alternative investments. FINRA Arbitration No. 19-00087 (August 10, 2019).

On August 12, 2019, a different FINRA securities arbitration claim involving Rohl’s conduct was settled for $35,000.00 in damages based upon allegations that Rohl engaged in unauthorized trading and made unsuitable recommendations of direct investments. FINRA Arbitration No. 19-00891.

Rohl was associated with Wells Fargo Advisors Financial Network LLC in Fargo, ND, as a stockbroker from March of 2011 to March of 2020. Wells Fargo Advisors Financial Network LLC discharged Rohl on March 11, 2020, based upon allegations that Rohl engaged in unauthorized trading.