Wayne Douglas Rogers of Austin Texas a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was settled for $11,544.77 on March 8, 2018 based upon allegations that on January 2, 2018, the customer’s investment instructions were not followed concerning the liquidations of an energy-sector exchanged traded funds from the customer’s investment account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Rogers is referenced in three more customer initiated investment related disputes pertaining to accusations of Rogers’ violative conduct while employed with Wells Fargo Advisors LLC and Wells Fargo Investments LLC. Specifically, a customer initiated investment related arbitration claim concerning Rogers’ conduct was resolved for $150,000.00 damages supported by allegations that deceptive and misleading tactics had been utilized in regard to the sale of reverse convertible securities in the customer’s account; and the customer sustained losses because of the bad investment recommendations that were made to the customer pertaining to the reverse convertible notes. FINRA Arbitration No. 09-05725 (Dec. 16, 2010).
Then, on August 3, 2016, a customer filed an investment related complaint regarding Rogers’ conduct in which the customer requested damages estimated to exceed $5,000.00 founded on accusations that while Rogers was associated with Wells Fargo Advisors LLC, Rogers made unsuitable investment recommendations to the customer concerning a speculative oil and gas unit investment trust product, especially considering that Rogers was aware that the customer did not want to place assets at risk of loss. Moreover, on July 13, 2017, a customer filed an investment related complaint involving Rogers’ activities where the customer sought damages estimated to exceed $5,000.00 based upon allegations that the customer was placed into a private equity investment which failed to conform to the customer’s objectives for investing.
Rogers has been associated with Wells Fargo Clearing Services LLC since January 3, 2011.
