Articles Tagged with Wells Fargo Clearing Services

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kelly Otoole (Otoole), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Otoole recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 12, 2022.

Client complained that delay in executing liquidation instruction caused losses because time window closed and trade could not be executed until next window opened. (11/1/2021-4/12/2022)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Brandstater (Brandstater), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brandstater recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 12, 2022.

Client complained that Financial Advisor did not act upon requests for 5% stop orders, tax loss harvest requests and instructions concerning the buy/sell of an equity. (11/25/2021-1/21/2022)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Tanaka (Tanaka), previously associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tanaka recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 15, 2022.

Customer complained that the financial advisor advised him there would be no tax consequences associated with the surrender of his annuity; however, the a portion of the transaction was a taxable event. (4/15/2022)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marc Rosenbach (Rosenbach), previously associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rosenbach recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $78,579.00 on April 20, 2022.

Client complained that a tax loss harvesting strategy in her managed accounts was ultimately not in her best interest. (1/1/2019-12/31/2020)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Helen Grace Caldwell (Caldwell), previously associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Caldwell recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $325,000.00 on May 06, 2025.

Claimant alleges damages in connection with an outside investment in a former registered representative’s outside business.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mohammad Umar Shams (Shams), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shams recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $5,817.57 on September 26, 2025.

Claimant alleges that in reliance on misrepresentations that money market funds could be used as collateral in a retirement account

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Yoil Awabdeh (Awabdeh), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Awabdeh recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 11, 2022.

Power of Attorney complained that she was not informed that the mutual funds purchased in her mother’s account required an 18 month holding period. (2/14/2022-6/11/2022)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Graft (Graft), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Graft recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $19,657.09 on June 14, 2022.

Client complained that the financial advisor misrepresented fees and premium costs of a recommended investment. (1/1/2022-5/9/2022)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leif Olson (Olson), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Olson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 15, 2022.

Client complained that the financial advisor did not sell securities immediately as instructed, resulting in losses. (6/9/2022-6/15/2022)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Debra Logan (Logan), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Logan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 17, 2022.

Trustee verbally complained that the financial advisor misrepresented that the margin rate would be fixed. (7/30/2018-6/17/22)

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