Thomas Edward Morrow of New York New York a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on August 5, 2016 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that stock trades were executed in the customer’s UGMA account on an excessive basis.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that a customer initiated investment related complaint regarding Morrow’s conduct was resolved for $55,000.00 in damages supported by allegations that while Morrow was associated with UBS Financial Services Inc., the customer was charged commissions that were excessive; investment recommendations made to the customer were not suitable; misrepresentations and omissions had been made concerning investment related information; the customer’s account was handled in a negligent manner; contractual obligations had been breached; fiduciary duties were breached; and the customer had been defrauded.
Morrow has been employed by Wells Fargo Clearing Services LLC since September 25, 2008.
