Wells Fargo Clearing Services

Broker Devashish Shah in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

March 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Devashish Shah (Shah), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shah 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 $250,000.00 on January 21, 2025.

Plaintiffs allege that in 2022, the FA provided inaccurate information regarding the amount of liquid assets in the Defendants’ accounts.

There are Recent Customer Complaints with Broker James Seijas in Firm Wells Fargo Clearing Services, LLC

March 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Seijas (Seijas), previously associated with Wells Fargo Clearing Services, LLC, has at least 7 disclosable events. These events include 7 customer complaints, alleging that Seijas recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on January 29, 2025.

Claimants allege that between 2017 and 2019, the FA advised claimants to invest in an entity which was part of an alleged $35 million Ponzi scheme.

There are Recent Customer Complaints with Broker Ruben Trujillo in Firm Wells Fargo Clearing Services, LLC

March 4, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on February 07, 2025.

Respondent Trujillo failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Broker John Hoile in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

March 4, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on February 06, 2025.

Claimant alleges REIT purchased was unsuitable.

There are Recent Customer Complaints with Broker Thomas Swinson in Firm Wells Fargo Clearing Services, LLC

February 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Swinson (Swinson), previously associated with Wells Fargo Clearing Services, LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Swinson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 13, 2024.

Claimant alleges REIT purchased was unsuitable.

Broker John Hoile in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

February 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on December 17, 2024.

Claimant alleges REIT purchased was unsuitable.

Broker Vipul Talati in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

February 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vipul Talati (Talati), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Talati 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 $20,000.00 on January 14, 2025.

Client complained that the Financial Advisor’s recommendation was not in line with clients primary objective of capital preservation, resulting in unrealized loss in market value. Client is seeking reimbursement for losses. (9/17/2024 – 1/14/2025)

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.