Former Wells Fargo Adviser Robert Player Has History of Disclosures
Robert Player (CRD# 2122678), an investment professional formerly registered with Wells Fargo, has been involved in customer disputes alleging his actions resulted in losses. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, accessed on April 7, 2022, he was previously based in Wells Fargo’s office in Garden City, New York. Customers: Player Made […]
Former Wells Fargo Advisor Mario Rivero Indicted by the Feds
Mario Rivero, a broker and financial investment advisor formerly associated with LPL Financial and Wells Fargo, was arrested on March 14, 2022 and charged with two counts of wire fraud, one count of investment advisor fraud, and one count of securities fraud. Mr. Rivero is alleged to have stolen more than $500,000 from multiple clients […]
Judge: Wells Fargo’s Lawyer Had Secret Deal with FINRA To Rig Arbitrations
In a shocking decision, the Superior Court of Fulton, Couty Georgia recently found that Wells Fargo Advisors engaged in a scheme to “manipulate” and “secretly redline the neutral list” of FINRA arbitrators. The decision was published on January 25, 2022 and can best be summarized by Judge Belinda Edwards’ factual conclusion: “The Court’s factual review […]
Wells Fargo Advisor’s Bill Michetti Involved in Investor Dispute
Bill Michetti (CRD #: 2185612), a broker registered with Wells Fargo Clearing Services, is facing investor allegations that he mismanaged an account, according to his BrokerCheck record, accessed on January 10, 2022. This is not the first time an investor has alleged that he mismanaged an account. Investor: Bill Miuchetti Churned Account On January 28, […]
Wells Fargo Ordered to Pay Customer Restitution of Over $3.3 Million
Wells Fargo Advisors was recently ordered by FINRA to pay over $3.3 million in restitution to investors. According to the agreement, Wells Fargo Advisors agreed that it failed to supervise representative’s 529 plan share class recommendations. The AWC is designed to compensate investors that were steered into higher fee funds. AWC Between Wells Fargo Advisors […]
Investor Filed Complaint Involving Wells Fargo Advisor John Pasacreta Jr.
John Pasacreta Jr. (CRD# 2398487) allegedly recommended unsuitable investments, according to a recently denied customer complaint against him. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, accessed on December 20, 2021, Mr. Pasacreta is registered as a broker and an investment adviser with Wells Fargo Clearing Services in Greenwich, Connecticut. Denied Complaints Allege […]
FINRA: Thomas Biadas Has Multiple Disclosures
Thomas Biadas (CRD# 1523005) has been involved in a customer complaint alleging his conduct resulted in substantial losses. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 8, 2021, Mr. Biadas is currently a broker and investment adviser registered with Kestra Investment Services. He is no longer licensed with Wells […]
Wells Fargo Fires Advisor Jerry Klein
Jerry Klein (CRD# 852224) was recently terminated from Wells Fargo over alleged rule violations. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 9, 2021, Mr. Klein was registered with the firm’s office in Hunt Valley, Maryland and is currently not registered as a broker or an investment adviser. Wells […]
Plano Financial Advisor Jason Jaynes Involved in $18 Million Investment Dispute
Jason Jaynes (CRD #: 5555100), a broker registered with Wells Fargo Clearing Services, is involved in investor allegations of unsuitable investment recommendations, according to his BrokerCheck record, accessed on November 10, 2021. Investor was a Client of Wells Fargo and Merrill Lynch On January 25, 2021, investors alleged that Jason Jaynes made unsuitable investment […]
Kenn Welsh, Wells Fargo Rep, Arrested by the Feds in New Jersey
Kenn Welsh, a broker and financial investment advisor formerly with Wells Fargo, was arrested on allegations of a fraudulent scheme in which he stole at least $2.86 million from clients to pay for his high end life-style. The Securities and Exchange Commission (“SEC”) and the U.S. Attorney’s Office Jersey each announced the filing of complaints […]