Wells Fargo Clearing Services

There are Recent Customer Complaints with Broker Hung Ly in Firm Wells Fargo Clearing Services, LLC

February 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hung Ly (Ly), previously associated with Wells Fargo Clearing Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Ly recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on January 15, 2025.

Attorney for customers complains that they relied to their detriment on advice given by their financial advisor relating to investments by foreign investors seeking to obtain visas for US residency. (3/5/2017-8/29/2019)

Broker Aubrey Parker in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

February 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 16, 2025.

Claimant alleges that on or about 2021, the financial advisor made unsuitable trades into speculative preferred stocks.

There are Recent Customer Complaints with Broker Anthony Lopez in Firm Wells Fargo Clearing Services, LLC

February 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Lopez (Lopez), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lopez 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 $66,490.22 on October 23, 2024.

The client alleged that his Variable Universal Life (VUL) Insurance policy was misrepresented to him as he was not aware of the high premiums he would pay, the potential of adverse tax implications of making said premium payments and the sustainability of his accounts to be able to fund the policy.

There are Recent Customer Complaints with Broker Michael Fowler in Firm Wells Fargo Clearing Services, LLC

February 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Fowler (Fowler), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fowler 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 $323,712.70 on February 21, 2023.

CLIENT ALLEGED, THROUGH HER ATTORNEY, THAT REGISTERED REPRESENTATIVES SHOULD NOT HAVE ADVISED HER AND HER HUSBAND TO DIVERSIFY THEIR PORTFOLIO. CLIENT ADMITTED THAT THE PORTFOLIO CONSISTED ENTIRELY OF JUST THREE EQUITY HOLDINGS, BUT CLAIMS THAT REGISTERED REPRESENTATIVES SHOULD HAVE WAITED UNTIL HER HUSBAND PASSED AWAY TO SUGGEST THAT SHE DIVERSIFY THE PORTFOLIO, BECAUSE DOING SO WOULD HAVE ENABLED HER TO AVOID SOME CAPITAL GAINS TAX. CLIENT ALSO STATED THAT IN JANUARY 2022, REGISTERED REPRESENTATIVES RECOMMENDED 2 VARIABLE ANNUITIES TO PROVIDE GUARANTEED INCOME FOR LIFE, BUT ALLEGED THAT THE CONTRACTS WERE “FACIALLY UNSUITABLE” BECAUSE THEY REPRESENTED 87% OF HER LIQUID NET WORTH, AND THE CLIENT MOVED HER ACCOUNT TO ANOTHER FIRM WHERE SHE DECIDED TO SURRENDER THE CONTRACTS, INCURRING SURRENDER PENALTIES. CLIENT DEMANDS COMPENSATION FOR CAPITAL GAINS TAXES, SURRENDER PENALTIES AND OTHER DAMAGES. OCCURRENCE DATES: 1/1/2021-1/31/2023. ALLEGED DAMAGES: $323,712.70

Broker Kerrie Coe in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kerrie Coe (Coe), currently associated with Wells Fargo Clearing Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Coe 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 $640,000.00 on December 17, 2024.

Claimant alleges unsuitable investment recommendations with resulted in losses.

Broker James Alperin in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

January 31, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on December 30, 2024.

The Plaintiff alleges during an unspecified time frame, the FA made unauthorized trades.

Wells Fargo Clearing Services, LLC Broker Michael Jorgenson Has Customer Complaint

January 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $323,712.70 on December 18, 2024.

Client alleged, through her attorney, that registered representatives should not have advised her and her husband to diversify their portfolio. Client admitted that the portfolio consisted entirely of just three equity holdings but claims that registered representatives should have waited until her husband passed away to suggest that she diversify the portfolio, because doing so would have enabled her to avoid some capital gains tax. client also stated that in january 2022, registered representatives recommended 2 variable annuities to provide guaranteed income for life, but alleged that the contracts were “facially unsuitable” because they represented 87% of her liquid net worth, and the client moved her account to another firm where she decided to surrender the contracts, incurring surrender penalties. client demands compensation for capital gains taxes, surrender penalties and other damages. occurrence dates: 1/1/2021-1/31/2023.

Wells Fargo Clearing Services, LLC Broker Peter Waldron Has Customer Complaint

January 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 14, 2024.

Plaintiff alleges that beginning in April 2022, the financial advisor made unsuitable investment recommendations.

Broker Alan Rose Receives Customer Complaints over Unsuitable Trades

July 21, 2017 | by Staff Attorney

Our law firm, Gana Weinstein LLP, is investigating claims made by Financial Industry Regulatory Authority (FINRA) against broker Alan Rose. The customer complaints allege that Rose engaged in securities law violations, including making unsuitable investments in clients’ accounts. The most recent customer complaint against the broker was filed in January 2017. The customer alleges during the period of 2013 – 2016, Rose over-concentrated their portfolio in unsuitable investments. The alleged damages are worth over $100,000. The case is currently pending.

Another complaint was filed against Rose in May 2015 alleging that the broker made unsuitable recommendations to their account. During the period of November 2011 through January 2013, Rose allegedly misrepresented and recommended unsuitable purchases of Puerto Rico municipal bond funds and New York State bonds. The alleged damages were worth $500,000 and the case was settled at $84,500.

Rose entered the industry in 1983. He is currently employed at Wells Fargo Clearing Services, LLC and has been employed there since January 2013. His previous employment includes: UBS Financial Services (October 2007 – February 2013), Morgan Stanley Inc. (April 2007 – October 2007), and Morgan Stanley DW Inc. (July 1983 – April 2007).