Articles Tagged with Wells Fargo Clearing Services

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffry Carel (Carel), currently associated with Wells Fargo Clearing Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Carel 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 $137,000.00  on August 18, 2020.

Claimant alleges Registered Representative did not execute correct type of order to sell stocks. Activity date is June 5, 2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Walker (Walker), previously associated with Wells Fargo Clearing Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Walker 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 $3,000,000.00  on April 14, 2020.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $3,000,000.00  on April 14, 2020.

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

FINRA BrokerCheck shows a settled customer complaint on April 13, 2020.

Arbitration: Claimants allege FA over-concentrated their portfolio in unsuitable investments. \<char_lb_r>\, \<char_lb_r>\, Complaint:Attorney for clients complained that the financial advisor engaged in an unsuitable trading strategy, which did not match their investment objectives. (6/26/2015-11/30/2018)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Larry Smith (Smith), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $15,863.00  on April 13, 2026.

Claimant alleges that beginning in January 2026, the registered representative recommended an unsuitable investment strategy and failed to follow instructions; however, Claimant does not appear to have any accounts with Wells Fargo Clearing Services.

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

FINRA BrokerCheck shows a pending customer complaint on April 20, 2026.

Client complained that their Financial Advisor advised them to convert their Required Minimum Distribution into a ROTH IRA without disclosing that it did not meet RMD requirements, resulting in negative financial consequences. (6/12/2025 – 4/20/2026)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brendan Jones (Jones), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Jones 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 $257,780.00  on May 18, 2026.

Claimants allege they opened multiple fee-based advisory accounts seeking reasonable growth while avoiding speculative investments. They further allege the registered representative deviated from these objectives by reallocating assets from core holdings into speculative securities without informed consent and potentially altering risk tolerances.

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

FINRA BrokerCheck shows a settled customer complaint on April 02, 2020.

Client verbally complained that the financial advisor failed to take appropriate action to prevent him from depleting his assets through speculative transactions and unsustainable withdrawals. (5/1/2016-4/2/2020)

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

FINRA BrokerCheck shows a pending customer complaint on April 22, 2026.

Claimant alleges that beginning in June 2025, Claimant was scammed and the registered representative failed to protect the Claimant by not reporting the suspicious activity the Claimant reported.

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

FINRA BrokerCheck shows a pending customer complaint on April 22, 2026.

Claimant alleges that beginning in June 2025, Claimant was scammed and the registered representative failed to protect the Claimant by not reporting the suspicious activity the Claimant reported.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Taulant Cela (Cela), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cela 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 $163,360.00 on May 21, 2026.

Customer alleges unauthorized trading regarding a managed account investment. Activity dates June 2019 to January 2020.

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