performing calculations

Paul Mark Zoch of Fort Lauderdale Florida is a stockbroker formerly registered with Wells Fargo Advisors who was fired on August 29 2017 based upon allegations that Zoch engaged in improper activities affecting a customer account relationship which ultimately caused the firm to no longer maintain confidence in Zoch’s abilities to comply with the firm’s policies.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Zoch has been referenced in six customer initiated investment related disputes pertaining to accusations of Zoch’s misconduct during the period that he was employed with Ameriprise Financial Services Inc. and Wells Fargo Advisors. Specifically, on November 29, 2007, a customer filed an investment related written complaint involving Zoch’s conduct in which the customer requested $5,000.00 in damages founded on allegations that the customer’s life insurance policy purchases were not suitable for the customer.

Thereafter, a customer initiated investment related civil action involving Zoch’s conduct was settled for $40,000,000.00 in damages based upon accusations that a financial advisor fraudulently misrepresented financial deals, causing customers to place monies with a bank account of a third party, wherein the third party converted the customers’ funds. Civil Action No. 16-cv-21562 (S.D. Fla. May 9, 2017).

Then, a customer filed an investment related civil action involving Zoch’s activities, alleging that misrepresentations about assets and financing induced the customer’s investment purchase. Civil Action No. 2016-031195-CA-01 (Dec. 12, 2016). Further, a customer filed an investment related civil action regarding Zoch’s activities in which the customers sought a collective $162,000,000.00 in damages supported by allegations that between October 30, 2014 and October 20, 2016, the customers were exposed to misrepresentations regarding investment opportunities and their assets had ultimately been converted. Civil Action No. 16-031707-CA-01 (Dec. 14, 2016).

Zoch is also subject of a customer initiated investment related written complaint brought on October 26, 2017, where the customer sought $9,436.00 in damages founded on allegations that the customer’s wrap account was not invested according to the customer’s objectives for investing. Moreover, on December 4, 2017, a customer initiated investment related written complaint involving Zoch’s conduct was settled for $2,750,000.00 in damages supported by accusations that the customers were induced by the financial advisor to invest with money that had later been converted by a third party after customers’ funds had been placed into the third party’s bank account.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

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.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com