Tag Archives: Fidelity Brokerage Services

WFG Investments Sued byCustomer For Unsuitability

March 30, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Matthew Aaron Bell, of San Antonio, Texas, a stockbroker formerly registered with WFG Investments, Inc., has been named in a customer initiated investment related written complaint, which settled on February 10, 2017, for $43,000.00 in damages based upon allegations that Bell made unsuitable investment recommendations to the customer regarding over-the-counter equity products. Financial Industry Regulatory […]

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Fidelity Brokerage Services Fined for Failing to Safeguard Funds

Fidelity Brokerage Services, headquartered in Smithfield, Rhode Island was censured, fined $500,000, and ordered to pay customers restitution of $529,270 plus interest after consenting to findings that the firm had failed to prevent or detect conversion of more than $1,000,000 from nine Fidelity customers by a convicted felon; and failed to establish and maintain adequate […]

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Fidelity Brokerage Services Unlicensed Person Barred for Stealing Customer Funds

Vivian Dragoo, a non-registered associated person with Fidelity, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that she had converted customer funds. Letter of Acceptance, Waiver and Consent, No. 2015045420101 (Oct. 28, 2015). Fidelity terminated Dragoo on April 21, 2015, in connection […]

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