Patrick Claude Robert Guinet, of Irvine, California, a stockbroker formerly registered with Wells Fargo Clearing Services, is the subject of a customer initiated investment related arbitration claim, which settled on June 5, 2017, for $4,954.14 in damages supported by allegations that the customer’s wrap account fund reallocation instructions were not executed between January 1, 2017, and May 26, 2017.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Guinet has been subject of two additional customer initiated investment related disputes pertaining to allegations of Guinet’s misconduct during the time he was associated with Prudential Securities Incorporated and Wells Fargo Advisors, LLC.
In particular, on January 10, 2003, a customer filed an investment related written complaint involving Guinet’s conduct supported by allegations that Guinet effected options on margin despite failing to first gain the customer’s consent, and failed to exercise the customer’s stock option. Subsequently, on March 9, 2010, a customer filed an investment related written complaint regarding Guinet’s activities, in which the customer sought $17,741.00 in damages supported by allegations that Guinet effected unsuitable leveraged exchange traded funds transactions in the customer’s account.
Guiliano Law Group
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