Tag Archives: Wells Fargo Advisors Financial Network LLC

Wells Fargo Stockbroker Terminated For Unauthorized Transactions

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Wells Fargo Stockbroker Terminated For Unauthorized Transactions

Adam Thomas Marquardt of Rochester Minnesota a stockbroker formerly registered with Wells Fargo Advisors Financial Network has been terminated on July 22, 2020 founded on accusations that he executed unauthorized transactions to address losses incurred by customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that Marquardt is referenced in a customer initiated investment […]

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Wells Fargo Accused Of Failure To Follow Instructions

February 16, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Wells Fargo Accused Of Failure To Follow Instructions

John Perrin Kellar of Fort Lauderdale Florida a stockbroker and investment adviser representative of Wells Fargo Advisors Financial Network LLC is the subject of a customer initiated investment related complaint on April 6, 2020 in which the customer sought more than $5,000.00 in damages founded on allegations that they were placed into unsuitable investments by […]

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Investors Accuse Wells Fargo Of Failure To Execute Orders

December 22, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Wells Fargo Of Failure To Execute Orders

Jeffrey Lamar Burton of Charleston South Carolina a supervising stockbroker of Wells Fargo Advisors Financial Network is referenced in a customer initiated investment related written complaint which was settled for $100,000.00 on September 17, 2020 founded on allegations that trades failed to be made according to the customer’s instructions while Burton was registered with Wells […]

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Wells Fargo Sued By Investors For Fraud

September 14, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Securities Fraud, Unit Investment Trusts (UITs)   |   Comments Off on Wells Fargo Sued By Investors For Fraud

Thomas Von Reckers (also known as Tom VonReckers) of Lakewood Colorado a stockbroker formerly employed by Wells Fargo Advisors Financial Network is referenced in a customer initiated investment related arbitration claim which was settled for $90,000.00 in damages founded on accusations that a fiduciary duty that was owed to the customer had been breached and […]

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FINRA Bars Wells Fargo Stockbroker In Investigation

June 03, 2020  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on FINRA Bars Wells Fargo Stockbroker In Investigation

Leonard Charles Kinsman (Lenny Charles Kinsman) of Staten Island New York a stockbroker formerly associated with Wells Fargo Advisors Financial Network LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he intentionally failed to comply with FINRA when he was investigated for complaints […]

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Wells Fargo Stockbroker Discharged For Unauthorized Trading

April 23, 2020  |   Posted by :   |   Securities Arbitration Claims, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Wells Fargo Stockbroker Discharged For Unauthorized Trading

Regan Allen Rohl of Fargo North Dakota a stockbroker formerly employed by Wells Fargo Advisors Financial Network LLC has been discharged on March 11, 2020 based upon allegations that he traded in Wells Fargo customer accounts without authorization and did not abide by the expectations that Wells Fargo set forth while he was under heightened […]

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SEC Bars Wells Fargo Stockbroker For Misappropriation

John Greg Schmidt of Dayton Ohio a stockbroker formerly associated with Wells Fargo Advisors Financial Network LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser or otherwise associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings based upon allegations of Schmidt […]

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Investors Sue Wells Fargo For Unauthorized Trading

Leonard Charles Kinsman of Staten Island New York a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim where the customer requested at least $591,866.69 in damages founded on accusations that (1) customer account documentation contained unauthorized alterations or forged customer signatures (2) investment […]

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Wells Fargo Sued For Unsuitable Direct Investments

Regan Allen Rohl of Fargo North Dakota a stockbroker currently employed by Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $35,000.00 in damages based upon allegations that (1) direct participation program interests or limited partnership interests recommendations were not suitable given the customer’s […]

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Wells Fargo Accused Of Unsuitable Bond Recommendations

Jeffrey Lamar Burton of Greenville South Carolina a stockbroker currently employed by Wells Fargo Advisors Financial Network is referenced in a customer initiated investment related written complaint which was resolved on November 5, 2019 for $1,550,00.00 on November 5, 2019 supported by allegations that (1) the customer was charged excessive commissions on trades executed in […]

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Investors Accuse Wells Fargo Of Unauthorized Trading

Sam Azizieh (also known as Sam Aziz and as Sam Yehya) a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC is the subject of a customer initiated investment related written complaint on June 27, 2019 where the customer sought $447,000.00 in damages supported by accusations that during the period in which Azizieh was […]

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Investors Sue Wells Fargo For Misrepresentation

Donald Shelby Toomer of Las Vegas Nevada a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages supported by allegations that (1) transactions executed in the customer’s account failed to be suitable for the customer and […]

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Wells Fargo Fires Stockbroker For Unauthorized Trading

Marco Fragnito of Laguna Hills California a stockbroker formerly employed by Wells Fargo Advisors Financial Network LLC has been discharged by the firm on February 2, 2018 founded on allegations that Fragnito executed trades in the accounts of Wells Fargo customers on a discretionary basis when this type of trading was not authorized by the […]

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Wells Fargo Pays Victim of Annuity Fraud

Leonard Charles Kinsman of Staten Island New York a stockbroker currently registered with Wells Fargo Advisors Financial Networks LLC is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 on February 22, 2017 founded on allegations that the customer was provided false or misleading information concerning the principal protection […]

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Wells Fargo Broker Suspended By Nevada Regulators

January 28, 2019  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Raleigh Edward Kraft of Front Royal Virginia a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC has been suspended for two years from all supervisory capacities in the state of Nevada according to an Administrative Consent Order issued by the Nevada Secretary of State containing findings that Kraft had been subject of several […]

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Investors Sue Wells Fargo For Bad Investments

Jerry Duane Holdsworth of Lincoln Nebraska a stockbroker currently registered with Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 in damages founded on accusations that (1) Holdsworth effected stock trades in the customer’s account that were not suitable for the customer and […]

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Wells Fargo Broker Barred In Trading Investigation

November 23, 2018  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Terrence Raymond Puricelli of Chesterfield Missouri a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA personnel in an investigation regarding allegations that Puricelli engaged in unauthorized trading. […]

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Wells Fargo Sued By Investor For Speculative Investments

November 03, 2018  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Robert Paul Friedman of Berwyn Pennsylvania a stockbroker currently registered with Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $12,000.00 in damages founded on accusations that (1) Friedman made investment recommendations to the customer that were not suitable and placed the customer in […]

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Wells Fargo Accused By Investor Of Misconduct

September 12, 2018  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Reynold Phillip Flom of Folsom California a stockbroker currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which settled for $33,206.17 in damages on November 1, 2017 based upon allegations that on January 26, 2017, over-the-counter equities were sold from the customer’s account without the customer’s permission. […]

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FINRA Fines Wells Fargo Broker For Loans From Customers

September 12, 2018  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Earle Clement Tingley of Winter Haven Florida a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Tingley inappropriately borrowed money from customers and lied about it when questioned […]

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Wells Fargo Accused Of Ignoring Customer Orders

September 12, 2018  |   Posted by :   |   Failure to Execute, Investment and Regulatory News   |   0 Comments

Christopher Curran of Houston Texas a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint that was resolved on October 27, 2017 for $13,031.48 founded on accusations that Curran failed to follow the customer’s instructions by purchasing an equity that was supposed to have […]

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Wells Fargo Accused By Investors Of Fraud

Jeffrey Lloyd Mischel of Carlsbad California a stockbroker currently registered Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related complaint concerning Mischel’s conduct in which the customer requested $430,000.00 in damages supported by allegations that the customer was not provided information about the classes of municipal bonds available for the customer […]

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Investors Accuse Wells Fargo Of Bad Annuity Investments

Donald John Chiodo of Clare Michigan a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC is the subject of a customer initiated investment related written complaint on June 27, 2016 where the customer sought $82,841.00 in damages based upon allegations that between April 30, 2015 and May 13, 2016, variable annuity investment recommendations […]

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