Wells Fargo’s Charles Shields: FINRA Recommends Disciplinary Action
Charles Shields (CRD# 2067177), a broker registered with Wells Fargo, made unauthorized trades, according to a Financial Industry Regulatory Authority (FINRA) investigation. This allegation can be found in his FINRA BrokerCheck profile, accessed on July 26, 2023. The publicly available record shows that he is registered with his member firm’s office in Wayne, Pennsylvania. FINRA […]
Ron Filoramo Fired by Morgan Stanley Over Outside “Investments”
Morgan Stanley fired broker Ron Filoramo (CRD# 3270398) in May 2023 over allegations of fraud, according to his BrokerCheck report. This record, maintained by the Financial Industry Regulatory Authority and accessed on June 10, 2023, reflects his former registration with the firm’s office in Fort Lauderdale, Florida. It also describes several pending complaints alleging that […]
Current and Former Wells Fargo Brokers with Significant Disclosure Histories
MDF Law releases a report identifying current and former associated persons from Wells Fargo Advisors who have significant disclosure histories. The report analyzed data as of January 3, 2023. Individuals who are included in this report are statistically more likely to be involved in a new customer complaint. See “How Widespread and Predictable is Stock […]
Court: Wells Fargo’s Lawyer Rigged Complaint Process
In an alarming decision, the Superior Court of Fulton County, Georgia recently found that Wells Fargo Advisors engaged in a scheme to “manipulate” and “secretly redline the neutral list” of FINRA arbitrators that are used to resolve Wells Fargo Advisor Complaints. The case number is Civil Action File No. 2019CV328949. A copy of the decision […]