Chadwick C. Collins, of Carlsbad, California, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been named in a customer initiated investment related arbitration claim, which settled on April 18, 2016, for $86,559.31 in damages based upon allegations that Collins, from December of 2015 to March of 2016, failed to disclose commissions charged to the customer for investment transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on February 27, 2014, a customer initiated investment related arbitration claim involving Collins’s conduct was settled for $150,000.00 in damages based upon allegations that Collins, while registered with Merrill Lynch, effected excessive trades in the customer’s account, and made unsuitable investment recommendations to the customer regarding stock transactions.
On June 8, 2009, Collins was discharged by Merrill Lynch, Pierce, Fenner & Smith Inc., based upon allegations that Collins short term trading of mutual funds in customer accounts constituted violations of the firm’s trading policy. Collins has been registered with Kestra Investment Services, LLC since his January 17, 2017 termination from Wells Fargo.
Guiliano Law Group
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To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
