Articles Tagged with Wells Fargo Clearing Services

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According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Jonathan Bourgeois (Bourgeois), currently associated with Wells Fargo Clearing Services, LLC, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Bourgeois  concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $4,159,826.04 on March 19, 2024.

Claimant alleges excessive trading and churning from 2020 through 2023.

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

FINRA BrokerCheck shows a settled customer complaint on March 27, 2024.

Customer verbally complained that she did not wish to have individual stocks sold, causing taxes on capital gains, when she incepted into a managed account program. (4/23/2023-3/27/2024)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frederick Salus (Salus), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Salus 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 $595,000.00 on September 06, 2024.

Attorney for customers complains that the financial advisor’s Advice and management were not in line with the customer’s investment objectives, resulting in missing significant gains, and that fees were not discussed and did not provide a better investment outcome. (3/21/2006-9/6/2024)

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

FINRA BrokerCheck shows a settled customer complaint on February 14, 2025.

Client complained the recommendation to purchase investment was not suitable. (1/28/2025-3/21/2025)

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

FINRA BrokerCheck shows a pending customer complaint on March 07, 2025.

The clients complain that the Financial advisor did not explain the fees and commissions that would be associated with newly opened accounts. (5/13/2025-3/7/2025)

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

FINRA BrokerCheck shows a settled customer complaint on March 17, 2025.

Client verbally complained the recommendation to purchase US Treasury strips was not suitable and requests compensation for the loss he incurred upon sale of the securities. (8/22/2024-3/17/2025)

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

FINRA BrokerCheck shows a pending customer complaint on March 31, 2025.

The client complains that the Financial Advisor did not explain that their investment in a Market Linked Certificate of Deposit could fluctuate in value prior to maturity date. (2/27/25-3/31/25)

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

FINRA BrokerCheck shows a pending customer complaint on April 06, 2025.

The client complains their funds were not invested according to their objectives and claims they did not understand the possibility of market fluctuation. The client demands to be made whole. (1/27/2025-4/6/2025)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Corbella (Corbella), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Corbella 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 $10,000.00 on April 09, 2025.

The client complains that they did not understand that their assets would be invested in the market and could decline in value. Client demands to be made whole. (3/26/2025-4/9/2025)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Holmes (Holmes), previously associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Holmes 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 $500,000.00 on April 11, 2025.

Claimant alleges that during an unspecified time period, the financial advisor made unsuitable recommendations and overall strategy.

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