Steven Andrew Hill (also known as Andy Hill), of Atwater, California, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Hill made misrepresentations of material fact in connection with the sale of structured Certificates of Deposot or CDs during the time that Hill was associated with Wells Fargo Clearing Services LLC. FINRA Arbitration No. 23-01562 (May 30, 2023).
FINRA Public Disclosure shows that Hill was referenced in eight other customer initiated investment related disputes concerning Hill’s conduct while associated with securities broker dealers. On August 22, 2008, a customer initiated investment related complaint involving Hill’s conduct was settled for $22,452.56 in damages based upon allegations that Hill engaged in unauthorized trading in bonds when Hill was associated with Wamu Investments Inc.
On March 12, 2009, a customer initiated investment related complaint involving Hill’s conduct was settled for $89,599.93 in damages based upon allegations that Hill engaged in unauthorized trading in municipal bonds during the time that Hill was associated with Wamu Investments Inc. Hill was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $17,422.72 in damages resulting from the sale of unit investment trusts by Hill. FINRA Arbitration No. 0838-03778 (October 22, 2009).
On October 13, 2011, another customer filed an investment related complaint involving Hill’s conduct in which the customer requested damages based upon allegations that Hill made an unauthorized insurance policy purchase and made omissions of material fact regarding MLCDs when Hill was associated with Wells Fargo Clearing Services LLC. The securities broker dealer denied this complaint.
Hill was also referenced in a customer initiated investment related complaint filed on March 8, 2023, in which the customer requested damages based upon allegations that Hill made misrepresentations of material fact regarding risks of unit investment trusts during the time that Hill was associated with Wells Fargo Clearing Services LLC. The securities broker dealer denied this complaint.
Hill has been associated with Wells Fargo Clearing Services LLC as a stockbroker and investment advisor representative since January 3, 2011.
