Tag Archives: Wells Fargo Advisors LLC

Investors Accuse Wells Fargo Of The Sale of Unsuitable Investments

October 08, 2021  |   Posted by :   |   Churning, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Wells Fargo Of The Sale of Unsuitable Investments

Thomas Boley Hunt of Twin Falls Idaho a stockbroker currently registered with Wells Fargo Advisors is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 in damages on July 22, 2020 supported by allegations that Hunt’s transactions at Wells Fargo Advisors were not suitable for the customer. Hunt has […]

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Investors File FINRA Securities Arbitration Claim Against Wells Fargo

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Wells Fargo

John William Hoekman of New York New York a stockbroker formerly registered with Wells Fargo Advisors LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in compensatory or punitive damages based upon accusations of unsuitable over-the-counter equities being recommended for the customer’s investment […]

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Wells Fargo Advisors Accused Of Mutual Fund Fraud

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Mutual Fund Fraud, Securities Fraud   |   Comments Off on Wells Fargo Advisors Accused Of Mutual Fund Fraud

Jeffrey Clay Templeman of Norfolk Virginia a stockbroker currently registered with Wells Fargo Advisors has been referenced in a customer initiated investment related written complaint on March 15, 2019 where the customer requested unspecified damages founded on allegations that the customer had been steered by Templeman towards investing in mutual funds without being provided clarity […]

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Wells Fargo Pays $350,00 Fine To Cover $10 Million In Customer Losses

September 14, 2020  |   Posted by :   |   Failure To Supervise   |   Comments Off on Wells Fargo Pays $350,00 Fine To Cover $10 Million In Customer Losses

Wells Fargo Advisors LLC a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $350,000.00 based upon findings that it failed to supervise two stockbrokers who made unsuitable recommendations to customers regarding energy securities causing customers to experience losses. Letter of Acceptance Waiver and Consent No. 2015045713304 (Aug. 28, 2020). According […]

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Wells Fargo Stockbroker Sanctioned For Altering Documents

July 29, 2020  |   Posted by :   |   Forgery   |   Comments Off on Wells Fargo Stockbroker Sanctioned For Altering Documents

Robert Patton Stansberry (also known as Patt Stansberry) of Columbia Montana a stockbroker and financial advisor formerly registered with Wells Fargo Advisors Financial Network LLC and Cutter Company Inc. has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that […]

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Wells Fargo Stockbroker Accused of Misappropriating $3.6 Million

July 11, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Wells Fargo Stockbroker Accused of Misappropriating $3.6 Million

Wilfred Rodriguez Jr. of Boca Raton Florida a stockbroker formerly associated with Wells Fargo Advisors has been referenced in a customer initiated investment related written complaint on December 14, 2019 in which the customer requested $3,600,000.00 in damages supported by allegations of misappropriation and unauthorized transactions during the period in which Rodriguez was employed by […]

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Westpark Stockbroker Sanctioned For Selling Away

July 11, 2020  |   Posted by :   |   Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Westpark Stockbroker Sanctioned For Selling Away

Gregory Alan Ricker of Boca Raton Florida a stockbroker formerly associated with Westpark Capital Inc. has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in private securities transactions without the securities broker dealer’s approval. Letter of […]

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FINRA Bars Wells Fargo Stockbroker In Investigation

July 11, 2020  |   Posted by :   |   Selling Away and Outside Activities   |   Comments Off on FINRA Bars Wells Fargo Stockbroker In Investigation

Kevin Fredrick Williams of San Diego California a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to cooperate with FINRA’s request for his information. Case No. 2019062134601 (May 26, 2020). According to […]

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Investors Accuse Wells Fargo Of Unsuitable Foreign Recommendations

May 13, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Wells Fargo Of Unsuitable Foreign Recommendations

Sanjay Mathur (also known as Sanjay Mather) of Newport Beach California a stockbroker currently employed by Wells Fargo Advisors has been identified in a customer initiated investment related complaint on December 9, 2019 where the customer sought unspecified damages founded on accusations including that the customer was advised to buy foreign equities prior to there […]

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Investors Accuse Wells Fargo Of Fraud

April 08, 2020  |   Posted by :   |   FINRA Securities Arbitration, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Accuse Wells Fargo Of Fraud

Vincent Charles Meleco of Albany New York a stockbroker registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related complaint on September 24, 2019 in which the customer requested $123,000.00 in damages based upon allegations that omissions were made to the customer by the stockbroker and that the customer had […]

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Wells Fargo Accused By Investors Of Bad Advice

Charles Henry Frieda, Jr. of Irvine California a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related complaint which was resolved on February 28, 2019 for $20,000.00 in damages based upon accusations of unsuitable energy securities recommended by the stockbroker between 2014 and 2018 while associated with […]

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Investors Sue Wells Fargo For Breach Of Fiduciary Duty

Michael Fisher of Melville New York a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $50,000.00 in compensatory damages based upon Wells Fargo Advisors being found liable on the customer’s claims which included that (1) the customer’s account […]

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Investors Accuse Wells Fargo Of Excessive Trading

January 09, 2020  |   Posted by :   |   Excessive Trading, Investment and Regulatory News   |   0 Comments

Douglas L. Goss of Tulsa Oklahoma a stockbroker formerly employed by Wells Fargo Advisors is referenced in a customer initiated investment related written complaint on July 10, 2019 where the customer requested damages estimated to exceed $5,000.00 supported by allegations that between June 14, 2013 and July 10, 2019, trades were effected in the customer’s […]

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Wells Fargo Sued By Investors For Bad Fixed Income Advice

Michael Jay Sharenow of Florham Park New Jersey a stockbroker formerly registered with Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $150,000.00 in damages founded on allegations that Sharenow placed the customer in bad municipal debt investments including municipal bonds. Financial Industry Regulatory Authority (FINRA) […]

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Investors Sue Wells Fargo Advisors For Bad Investment Advice

Matthew Christopher Maczko of Oak Brook Illinois a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $500,000.00 in damages founded on accusations that Maczko gave the customer bad investment recommendations concerning the securities held in the […]

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Investors Sue Wells Fargo For Unauthorized Trading

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 […]

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Investors Sue Wells Fargo Over Bad Foreign Investments

John William Hoekman of New York New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $390,000.00 in damages founded on accusations that (1) omissions had been made to the customer during a time that the customer was steered by […]

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Wells Fargo Stockbroker Accused Of Unauthorized Trading

May 23, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Hossein Amirriahei (also known as Amir Amirriahei and as Riahei Amirriahei) of Los Angeles California a stockbroker formerly employed by Wells Fargo Advisors is the subject of a customer initiated investment related written complaint on May 30, 2017 in which the customer requested $150,000.00 in damages based upon allegations that trades had been executed in […]

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Investors Accuse Wells Fargo Of Stock Fraud

Apostolos Nicholas Papadea of Columbia South Carolina a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 on January 17, 2017 based upon allegations of (1) omissions and misrepresentations being made to the customer concerning the risks of mutual funds […]

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Wells Fargo Sued By Investor For Misrepresentation

Ghalib Abdulla Kanji of Woodland Hills California a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $2,000,000.00 in damages founded on allegations that (1) investment recommendations made to the customer were not suitable and (2) misrepresentations had been made to […]

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Wells Fargo Advisors Broker Barred By SEC For Fraud

Barbara Ann Endres of Grand Junction Colorado a stockbroker formerly registered with Wells Fargo Advisors LLC and investment adviser representative of Lifetime Wealth Advisors LLC has been barred by Securities and Exchange Commission (SEC) in all capacities according to an Order Instituting Administrative Proceedings Pursuant to Investment Advisers Act of 1940 Section 203(f) containing findings […]

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Wells Fargo Pays Investors In Fraud Claim

February 19, 2019  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Herbert Charles Buchbinder of Mission Woods Kansas a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related written complaint which was resolved on October 25, 2016 for $24,999.00 in damages founded on accusations that the customer sustained losses from the equity investments the customer purchased as a result […]

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Lombard Terminates Broker For Unauthorized Churning Of Customer Accounts

Eric Alan Zakarin of Cranford New Jersey a stockbroker formerly registered with Lombard Securities Incorporated has been terminated by the firm on October 10, 2018 based upon allegations that (1) Zakarin generated excessive commissions from customers and (2) Zakarin executed trades in customer accounts that customers’ possibly had not authorized. This is not the first […]

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Wells Fargo Broker Barred For Lying About Prior Misconduct

February 05, 2019  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Alfredo Caba of New York New York a stockbroker formerly employed by Wells Fargo Advisors LLC has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Caba lied to Wells Fargo about being terminated for cause from J.P. Morgan Securities, […]

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Investors Sue Wells Fargo For Mutual Fund Fraud

Harold Weber of Airmont New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages based upon allegations that between December of 2012 and June of 2016: (1) transactions were executed in the customer’s account that were not […]

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SEC Bars Wells Fargo Advisors Broker For Fraud

Aaron Robert Parthemer of Fort Lauderdale, Florida has been fined $160,000.00 and barred from being a broker or investment adviser or otherwise associating with any brokers or investment advisories according to an Order Making Findings and Imposing Sanctions Pursuant To Securities Exchange Act of 1934 Section 15(b), Investment Advisers Act of 1940 Section 203(f) and […]

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FINRA Bars Bastardo In Stockbroker Theft Investigation

Roberto Omar Bastardo of Jupiter Florida 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 supported by accusations that Bastardo failed to respond to a FINRA inquiry which may have concerned Bastardo’s discharge from Wells Fargo Advisors LLC. FINRA […]

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Investors Accuse Wells Fargo Of Unit Investment Trust Fraud

Eric Grant Demarcus of Sunnyvale California a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint on July 17, 2015 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that unit investment trust transactions executed in the customer’s account were not suitable […]

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Ameriprise Discharges Broker For Bad Investment Strategy

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

Randyl Robert Taber of West Des Moines Iowa a stockbroker formerly employed by Ameriprise Financial Services Inc. has been discharged by the firm on May 10, 2017 based upon accusations that Taber committed numerous violations of Ameriprise Financial Services’ policy by implementing an “investment strategy” that was not suitable for customers of the firm. FINRA […]

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Wells Fargo Pays In Unit Investment Trust Scheme

November 23, 2018  |   Posted by :   |   Investment and Regulatory News, Unit Investment Trusts (UITs)   |   0 Comments

Robert Frank Pondt of Woodland Hills California a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint which settled for $22,000.00 on July 5, 2017 supported by accusations that the customer was provided misleading information about unit investment trust products by being told that the […]

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