Gary Len Wells, a Tacoma, Washington-based advisor of Wells Fargo Advisors has been suspended by the Financial Industry Regulatory Authority (FINRA). This is in addition to the imposition of a $20,000 fine. The disciplinary action has been taken against Wells for violating the policies of Wells Fargo as well as industry rules that govern potential […]
FiNet Financial Advisor Gary Len Wells Suspend By FINRA and Fined Read More »
Morgan Stanley Smith Barney stockbroker David W. Fenning (CRD#1005307) discloses 5 customer disputes on his FINRA record. Four of the disclosed cases have been settled while one is still open. Brokerage firms and stockbrokers are licensed and regulated by the Financial Industry Regulatory Authority (FINRA). FINRA regulations require members to mandatorily make certain disclosures like
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The first lawsuit against financial advisor Jose Cornide (CRD#: 2785918), a representative of UBS Financial Services (CRD# 8174) accused of “unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy” was file by an attorney in April 2019, representing a client. The damages claimed are $10,000,000 and the options
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The final judgment delivered by the Securities Exchange Commission (SEC) has ordered ex-advisor Chad Burroughs to pay $560,000 in disgorgement to elderly victims of his financial fraud. This is a little lower than the $575,000 restitution asked for in the criminal case. In April 2020, Burroughs was awarded a jail sentence of 33 months to
Chad Burroughs (Lincoln Advisors) Ordered to Pay $560K By SEC Read More »
Our investment fraud attorneys at Haselkorn & Thibaut are investigating clients’ complaints involving stockbroker Christopher R. Bice of Sagepoint Financial. Bice’s BrokerCheck records show a number of pending FINRA investment fraud lawsuits, including two client disputes related to private placements. The plaintiffs are seeking more than $2 million in damages and we believe there are
Christopher Bice Financial Advisor Complaints | Sagepoint Financial Read More »