William Robert Berg, of Mesa, Arizona, a stockbroker currently registered with Wells Fargo Clearing Services, LLC, has been named in a customer initiated investment related arbitration claim, which settled on October 19, 2016 for $25,000.00 in damages based upon allegations that in 2014, Berg overconcentrated the customer’s assets in oil and gas equities that were not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Berg has been identified in two additional customer initiated investment related disputes containing allegations of Berg’s misconduct while employed with Wachovia Securities, LLC and A.G. Edwards & Sons, Inc. Particularly, on July 16, 2001, a customer filed an investment related complaint involving Berg’s conduct which was based upon allegations that Berg negligently handled the customer’s investment account, failed to execute upon the customer’s instructions, and committed fraud in connection with annuities, stock, and bond transactions.
Subsequently, on September 21, 2010, a customer initiated investment related arbitration claim involving Berg’s conduct was settled for $160,000.00 in damages based upon allegations that Berg negligently handled the customers’ investment accounts, defrauded the customers, breached his contractual and fiduciary duties, effected unsuitable transactions in the customers’ accounts, and made misrepresentations and omissions pertaining to equities and oil and gas limited partnerships.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
