Michael Fisher, of Melville, New York, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been named in a customer initiated investment related written complaint on April 12, 2017, in which the customer requested $171,172.10 in damages based upon allegations that he made misrepresentations to the customer regarding unit investment trusts.
This is not the first time that Fisher has been accused of sales practice violations while employed with Wells Fargo Advisors, LLC. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on December 15, 2015, a customer filed an investment related written complaint involving Fisher’s conduct, where the customer sought $5,000.00 in damages based upon allegations that Fisher effected stock transactions in the customer’s account that were not consistent with the customer’s objectives for investing.
Similarly, on March 22, 2017, a customer filed an investment related arbitration claim regarding Fisher’s activities, in which the customer requested $50,000.00 in damages supported by allegations that he effected unsuitable investment transactions in the customer’s account.
Fisher’s registration with Wells Fargo Advisors, LLC, was terminated on November 8, 2016. Since November 4, 2016, he has been registered with Ameriprise Financial Services, Inc.
Guiliano Law Group
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