Tag Archives: Wells Fargo Clearing Services LLC

FINRA Bars Wells Fargo Stockbroker In Investigation

November 12, 2021  |   Posted by :   |   Hedge Funds, Investment and Regulatory News, Ponzi Schemes   |   0 Comments

James Alan Seijas of Short Hills New Jersey 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 supported by findings that he failed to cooperate with FINRA when investigated for a lawsuit where he was accused of misrepresenting […]

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Investors File Complaint Against Wells Fargo Clearing Services

October 19, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors File Complaint Against Wells Fargo Clearing Services

Robert Nathan Schultz of Houston Texas a stockbroker formerly registered with Wells Fargo Clearing Services is referenced in a customer initiated investment related complaint on July 14, 2020, in which the customer requested $35,000.00 in damages founded upon allegations that they had been placed into aggressive investments by Schultz during the time that he was […]

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Wells Fargo Stockbroker Accused By Investors Of Unauthorized Trading

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Wells Fargo Stockbroker Accused By Investors Of Unauthorized Trading

Jordan David Samelson of Huntington New York a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $200,000.00 in damages supported by accusations of unauthorized trades during the period that Samelson was associated with Wells Fargo Clearing Services. […]

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Wells Fargo Stockbroker Barred By FINRA In Loan Investigation

October 08, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on Wells Fargo Stockbroker Barred By FINRA In Loan Investigation

Courtney Michelle Kaplan (also known as Courtney Michelle Carlsen, Courtney Michelle Ingram, and Courtney Ingram Yarmesch) of Tampa Florida a stockbroker formerly registered with Wells Fargo Clearing Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she failed to comply with a FINRA […]

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UBS Financial Accused Of Unauthorized Trading

October 08, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News   |   Comments Off on UBS Financial Accused Of Unauthorized Trading

Peter Douglas McColgan of Cincinnati Ohio a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related written complaint which was settled for $25,887.44 in damages on December 19, 2019, based on accusations that unauthorized trades were executed in the customer’s account by McColgan while he was employed by UBS […]

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Wells Fargo Stockbroker Sanctioned For Unauthorized Trading

September 03, 2021  |   Posted by :   |   Bond Fraud, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on Wells Fargo Stockbroker Sanctioned For Unauthorized Trading

Debasish Hajra (also known as Dave Hajra) of Marietta Georgia a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for thirty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that unauthorized unit investment trust and bond trades were executed […]

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Investors Accuse US Bancorp Of Unauthorized Trading

August 26, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities, Unauthorized Trading   |   Comments Off on Investors Accuse US Bancorp Of Unauthorized Trading

John Mark Ross of Missoula Montana a stockbroker formerly registered with US Bancorp Investments Inc. is the subject of a customer initiated investment related written complaint which was resolved for $127,210.30 in damages on January 9, 2019 founded on allegations of unauthorized trading by Ross while he was associated with Wells Fargo Advisors. According to […]

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Wells Fargo Stockbroker Barred In Theft Investigation

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Wells Fargo Stockbroker Barred In Theft Investigation

Tyler Michael Rigsbee of Sacramento 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 findings that Rigsbee refused to provide FINRA with documents and information in an investigation into his possible misuse of customer funds. […]

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Investor Files Arbitration Claim Against Wells Fargo For Broker Trading Away

July 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on Investor Files Arbitration Claim Against Wells Fargo For Broker Trading Away

Adam Petersen Summers of Crown Point Indiana a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested compensatory damages founded on allegations that Summers made unsuitable recommendations for the customer’s account at ETrade. Financial Industry Regulatory Authority (FINRA) […]

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Morgan Stanley Stockbroker Accused Of Making Misrepresentations

July 12, 2021  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Morgan Stanley Stockbroker Accused Of Making Misrepresentations

Robert A. DeBlasio of Boca Raton Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on February 25, 2020 in which the customer sought compensatory damages founded on allegations that DeBlasio made misrepresentations regarding the features of an annuity that the customer held between February […]

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Wells Fargo Stockbroker Barred In Investigation

June 12, 2021  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Wells Fargo Stockbroker Barred In Investigation

Mario Everildo Rivero Jr of Fort Mill South Carolina a stockbroker formerly registered with Wells Fargo has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Rivero obstructed a FINRA investigation into accusations that had been made against him by two of his customers. Letter […]

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Wells Fargo Stockbroker Sanctioned For Customer Loan

May 31, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on Wells Fargo Stockbroker Sanctioned For Customer Loan

Hung Sam (also known as Sam T. Hung and as Hung Tuan Sam) a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Sam borrowed funds from a customer […]

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Wells Fargo Stockbroker Sanctioned By FINRA

April 18, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Wells Fargo Stockbroker Sanctioned By FINRA

Gordon Leonard Bryan of Terre Haute Indiana a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in undisclosed outside business activities involving customers of the securities […]

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Wells Fargo Stockbroker Barred In Selling Away Scheme

March 08, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Wells Fargo Stockbroker Barred In Selling Away Scheme

Scott Wayne Reed of Scottsdale Arizona 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 findings of Reed taking part in $3,500,000.00 worth of private securities transactions during the time that he was associated with Wells […]

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FINRA Bars Wells Fargo Stockbroker In Investigation

March 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Bars Wells Fargo Stockbroker In Investigation

Darrell Anthony Smith Jr of Memphis Tennessee a stockbroker formerly registered with Wells Fargo Clearing Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with FINRA personnel during the time that he was investigated for allegedly effecting unauthorized transactions […]

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Investors File Arbitration Claim Against Wells Fargo

February 01, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Mutual Fund Fraud   |   Comments Off on Investors File Arbitration Claim Against Wells Fargo

Herbert Lee Weith IV of Naples Florida a stockbroker formerly registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $260,000.00 in damages supported by accusations of the stockbroker’s unsuitable recommendations as it pertained to a mutual fund and annuity […]

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Wells Fargo Stockbroker Sanctioned For Unauthorized Trading

January 19, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Wells Fargo Stockbroker Sanctioned For Unauthorized Trading

Paul Lawrence Fowler Jr. of Washington DC a stockbroker formerly registered with Wells Fargo Clearing Services has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Fowler executed unauthorized trades in a customer’s account when he was associated with […]

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Investors Accuse Wells Fargo Of Unauthorized Trading

January 03, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors Accuse Wells Fargo Of Unauthorized Trading

Richard Clarence DeYoung Jr. of The Woodlands Texas a stockbroker and investment adviser representative of Wells Fargo Clearing Services is referenced in a customer initiated investment related written complaint on March 12, 2020 in which the customer sought more than $5,000.00 in damages supported by allegations that unauthorized transactions were executed in the customer’s account […]

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Wells Fargo Stockbroker Barred For Failure To Pay Arbitration Award

January 03, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Wells Fargo Stockbroker Barred For Failure To Pay Arbitration Award

Nelson Michael Polun of Bel Air Maryland a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Polun neglected to comply with FINRA’s request for information about his activities. Case No. 2019061783501 (Nov. 11, 2020). […]

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Investors File FINRA Securities Arbitration Against Wells Fargo File For Unauthorized Trading

December 07, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors File FINRA Securities Arbitration Against Wells Fargo File For Unauthorized Trading

Richard Jay Bernstein (also known as Richard Jay Berstein) of Incline Village Nevada a stockbroker and investment adviser representative of Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim which was settled for $15,000.00 in damages based upon allegations that unauthorized trades were executed in the customer’s account and […]

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Investors Accuse Wells Fargo Of Unsuitable Trading

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Wells Fargo Of Unsuitable Trading

David Michael Logsdon of Hailey Idaho a stockbroker and investment adviser representative of Wells Fargo Clearing Services is referenced in a customer initiated investment related written complaint which was settled for $20,000.00 on July 22, 2020 supported by allegations that investments selected for the customer’s Wells Fargo portfolio failed to be suitable and resulted in […]

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FINRA Sanctions Wells Fargo For Providing Customers Fraudulent REIT Values

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Securities Fraud   |   Comments Off on FINRA Sanctions Wells Fargo For Providing Customers Fraudulent REIT Values

First Clearing LLC (now known as (Wells Fargo Clearing Services LLC) has been censured and fined $300,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that First Clearing provided 6,800 customers with wrong valuations on direct participation program interests and non-traded real estate investment trusts and had failed to supervise its business with a […]

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Wells Fargo Sanctioned By FINRA For Failure To Supervise Annuity Switches

September 30, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims, Variable Annuites   |   Comments Off on Wells Fargo Sanctioned By FINRA For Failure To Supervise Annuity Switches

Wells Fargo Clearing Services LLC a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $625,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Wells Fargo failed to supervise the suitability of customers’ switches from variable annuities to other investment products through transactions initiated by Wells Fargo stockbrokers. Letter […]

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Wells Fargo Accused Of Charging Investors Excessive Commissions

September 30, 2020  |   Posted by :   |   Excessive Trading, Securities Arbitration Claims   |   Comments Off on Wells Fargo Accused Of Charging Investors Excessive Commissions

Michael Shon Hickey of Mission Viejo California a stockbroker and investment adviser representative of Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on July 21, 2020 in which the customer requested $25,000.00 in damages founded upon accusations that the Wells Fargo customer had been charged excessive commissions as […]

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New Jersey Bureau Of Securities Expells Wells Fargo Stockbroker

September 14, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft, Unauthorized Trading   |   Comments Off on New Jersey Bureau Of Securities Expells Wells Fargo Stockbroker

Ramon Arturo Herrera of Jersey City New Jersey a stockbroker and financial advisor formerly registered with Wells Fargo Clearing Services LLC is the subject of a New Jersey Bureau of Securities Order dated October 18, 2019 in which Herrera’s stockbroker and investment adviser representative registrations in the State of New Jersey have been revoked based […]

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FINRA Bars Wells Fargo Stockbroker In Investigation

September 14, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities, Variable Annuites   |   Comments Off on FINRA Bars Wells Fargo Stockbroker In Investigation

Peter Vincent Ianace of Plano Texas 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 on findings that he failed to cooperate with a FINRA investigation into allegations of him engaging in undisclosed outside business activities during […]

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Wells Fargo Terminates Stockbroker For Cause

August 27, 2020  |   Posted by :   |   Forgery   |   Comments Off on Wells Fargo Terminates Stockbroker For Cause

Jonathan Richard Lake (also known as Jon Lake) of Stamford Connecticut a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been discharged on December 2, 2019 based upon accusations that the stockbroker procured funds from a customer in violation of company policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Lake has […]

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SEC Bars Wells Fargo Stockbroker For Fraud

July 29, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on SEC Bars Wells Fargo Stockbroker For Fraud

E. Herbert H. Hafen (also known as Elias Herbert Hafen and as Elias Herbert Niggebrugge) of New York New York a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from being a stockbroker or an investment adviser representative according to a Securities and Exchange Commission (SEC) Order based on findings of […]

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FINRA Catches Wells Fargo Stockbroker Selling Away Cryptocurriencies

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

Ryan Matthew Davis of Mahwah New Jersey a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been fined $15,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Davis engaged in undisclosed outside business activities and private securities transactions and […]

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Wells Fargo Accused By Investors Of Reverse Churning

July 11, 2020  |   Posted by :   |   Churning   |   Comments Off on Wells Fargo Accused By Investors Of Reverse Churning

Leslie Anne Juron of Sarasota Florida a stockbroker and investment adviser representative of Wells Fargo Clearing Services has been identified in a customer initiated investment related written complaint on July 22, 2019 where the customer sought more than $5,000.00 in damages founded on accusations that the customer had been overcharged by Juron on investments held […]

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