Robert Thomas Tuffy of East Brunswick New Jersey a stockbroker formerly registered with Wells Fargo Advisors is the subject of a customer initiated investment related arbitration claim which was resolved for $27,500.00 in damages based upon allegations that (1) Tuffy effected unauthorized trades in the customer’s brokerage account (2) Tuffy disregarded the customer’s objectives for investing (3) Tuffy executed transactions in the customer’s account that failed to be suitable for the customer and (4) Tuffy effected trades on an excessive basis. Financial Industry Regulatory Authority (FINRA) Arbitration No. 15-01860 (Aug. 29, 2016).

FINRA Public Disclosure confirms that Tuffy is referenced in two more customer initiated investment related disputes that concern accusations of Tuffy’s unacceptable conduct when he was associated with Wells Fargo Advisors LLC. In particular, a customer initiated investment related arbitration claim concerning Tuffy’s conduct was settled for $70,000.00 in damages supported by allegations that transactions were executed in the customer’s account that were unsuitable for the customer, and trades had been effected in the customer’s brokerage account in excessive, unwarranted amounts while Tuffy was employed by Wells Fargo Advisors LLC.

Thereafter, a customer filed an investment related complaint in regards to Tuffy’s activities where the customer sought more than $5,000.00 in damages founded on accusations of mismanagement of the customer’s investment portfolio relating to the over-the-counter equities transactions placed in the customer’s account during the time Tuffy was associated with Wells Fargo LLC.

Tuffy has also been fined $5,000.00 and suspended from associating with any FINRA member in any capacity supported by findings that Tuffy executed trades in the account of a Wells Fargo customer without procuring the customer’s approval beforehand; conduct FINRA concluded to be violative of FINRA Rules 2010. Letter of Acceptance Waiver and Consent No. 2015047200201 (July 27, 2016). Tuffy’s registration with Wells Fargo was terminated based upon the allegations referenced in FINRA’s disciplinary action against him.

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.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

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, P.C.

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

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)