Herbert Lee Weith IV of Annapolis Maryland is a stockbroker currently registered with Wells Fargo Clearing Services, LLC who is the subject of a customer initiated investment related complaint which was resolved on August 4, 2017 for $20,000.00 based upon accusations of negligence relating to the use of the customer’s 401(k) proceeds for the purchase of a variable annuity.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that June 26, 2015, a customer initiated investment related complaint concerning Weith’s activities was settled for $28,594.00 in damages founded on allegations that while Weith was associated with Wells Fargo Advisors, LLC: misrepresentations had been made to the customer concerning the terms and conditions of a variable annuity; the investment was not suitable for the customer; and the transaction caused the customer to sustain undue tax liability.
Guiliano Law Group
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