Articles Tagged with Wells Fargo Clearing Services

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

FINRA BrokerCheck shows a pending customer complaint on February 06, 2024.

Claimants alleges in or around the year 2021, their Financial Advisor (FA) made financial recommendations that were unsuitable and too risky for Claimants’ investment knowledge and needs.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Craig Nomberg (Nomberg), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Nomberg 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 March 07, 2024.

Allegations: SOAEX purchase – unsuitability, misrepresentation and omissions Allegation period: December 4, 2018, the date of the first purchase of SOAEX to March 7, 2024 the date the SOC was received.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Albers (Albers), currently associated with Wells Fargo Clearing Services, LLC / LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Albers 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 $50,000.00 on March 11, 2024.

Claimant alleges his Financial Advisor (FA) and Wells Fargo (WF) engaged in an active trading strategy causing Claimant losses in his account while the markets earned generational returns. Claimant claims Breach of Fiduciary Duty, Negligence and Negligent Supervision. Claimant seeks $50,000.00 in compensatory damages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sandro Olivos (Olivos), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Olivos 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 $100,000.00 on March 12, 2024.

Customer alleges Mr. Olivos misrepresented the risks associated with the investment in NorthStar Financial Services and that the investment recommendations were unsuitable

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Horowitz (Horowitz), currently associated with Wells Fargo Clearing Services, LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Horowitz 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 $2,039,031.29 on March 11, 2024.

Customer complained that financial advisor did not disclose risks of investments and that recommendations were unsuitable. (10/2021)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Melanie Gilmore (Gilmore), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Gilmore 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 March 19, 2024.

Claimant alleges that in 2021, the Financial Advisor made unsuitable securities recommendations for her investment experience and risk tolerance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Palatella (Palatella), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Palatella 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 March 19, 2024.

Claimant alleges that in 2021, the Financial Advisor made unsuitable securities recommendations for her investment experience and risk tolerance.

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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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