James Paul Laughlin is a stockbroker currently registered with Wells Fargo Clearing Services LLC who is the subject of a customer initiated investment related arbitration claim which settled for $6,500.00 in damages supported by accusations that the customer was assessed excessive fees for the management of the customer’s management account between December 2, 2014 and May 11, 2017.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Laughlin has been identified in three more customer initiated investment related disputes pertaining to allegations of his misconduct while employed with UBS Financial Services Inc. Specifically, on August 15, 2013, a customer initiated investment related written complaint that concerned Laughlin’s conduct was settled to resolve accusations that Laughlin made misrepresentations to the customer concerning the terms and conditions of a variable annuity and placed the customer in a variable annuity that was not suitable.
Subsequently, on February 11, 2015, a customer initiated investment related written complaint regarding Laughlin’s activities was resolved for $10,000.00 in damages based upon allegations that a delivery acknowledgement form had contained a forged signature of the customer. Then, on March 16, 2015, a customer initiated investment related written complaint regarding Laughlin’s activities was settled for $18,800.00 in damages supported by accusations that fees were not adequately disclosed to the customer; the customer’s account was not adequately managed; and the customer was misled concerning the investment plan pertaining to managed wrap accounts.
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