Peter Frank Valdez of Junction New York a stockbroker currently employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on September 19, 2018 where the customer sought $17,000.00 in damages founded on accusations that while Valdez was associated with Wells Fargo, omissions had been made to the customer concerning the penalties for taking funds from the customer’s annuity account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Valdez has been identified in three additional customer initiated investment related disputes containing allegations of his misconduct while employed with Wachovia Securities and HSBC Brokerage (USA) Inc. In particular, a customer filed an investment related complaint concerning Valdez’s activities in which the customer requested $7,760.00 in damages based upon accusations that while Valdez was associated with HSBC Brokerage (USA) Inc., the customer was placed into a life insurance policy that was not suitable for the customer given the customer’s age.
Then, a customer filed an investment related complaint regarding Valdez’s conduct where the customer sought more than $5,000.00 in damages supported by allegations that misrepresentations had been made to the customer concerning the bonus credits and surrender penalties of the customer’s annuity. Subsequently, a customer filed an investment related complaint involving Valdez’s activities in which the customer requested $21,541.00 in damages founded on accusations that the customer was induced into purchasing an annuity because of misrepresentations being made concerning its principal protection and guaranteed returns.
Valdez has been registered with Wells Fargo Clearing Services since December 16, 2002.