Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into Mitch Stillman (CRD# 2894063), a financial advisor based in Scottsdale, Arizona, currently registered with Wells Fargo Clearing Services. As a firm with more than 50 years of experience, a 98% success rate, and millions recovered for investors nationwide, Haselkorn & Thibaut is committed to protecting investors’ interests. If you have concerns about your investments or believe you may have suffered losses under Mr. Stillman’s guidance, this research report will provide the facts you need to make informed decisions—and how you can receive a free, confidential consultation with no obligation.
Overview: Who Is Mitch Stillman?
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Mitch Stillman is a veteran in the securities industry, holding active registrations as a broker with Wells Fargo Clearing Services since 1990 and as an investment adviser with Wells Fargo Advisors since 2005. Based in Scottsdale, AZ, he has reportedly achieved an impressive tenure of 44 years in the financial sector. His experience spans previous roles with firms including Bateman Eichler Hill Richards, Drexel Burnham Lambert, and Painewebber, showcasing a long-standing history in investment services. Mr. Stillman’s industry qualifications include:
- Series 7 (General Securities Representative Examination)
- Series 63 (Uniform Securities Agent State Law Examination)
- Series 65 (Uniform Investment Adviser Law Examination)
- Series 3 (National Commodity Futures Examination)
- Series 5 (Interest Rate Options Examination)
- Securities Industry Essentials Examination (SIE)
He holds licenses in 44 states, enabling him to serve a broad range of investors nationwide. For the most current and official regulatory information about any financial professional, investors are encouraged to review the FINRA BrokerCheck database.
Investor Complaints: A Closer Look at Mitch Stillman’s Record
One of the top priorities for any investor is to verify if their financial advisor has a history of complaints, regulatory actions, or litigation. Below is a comprehensive summary of the investor complaints and regulatory findings associated with Mitch Stillman based on a review of regulatory records and public filings:
| Date Filed | Firm Associated | Nature of Allegation | Status/Damages |
|---|---|---|---|
| December 2025 | Wells Fargo Clearing Services | Failure to meet client’s objectives | Pending; Alleged damages between $500,000 and $1,000,000 |
| 2008 | Wachovia Securities | Did not intervene in client’s accounts to limit losses per instructions | Denied by the firm; Damages unspecified |
| 2001 | First Union Securities | Did not confer with client about husband’s purchases in joint account | Denied by the firm; Alleged damages of $93,000 |
Important Red Flag: The most recent customer complaint, filed in December 2025, is currently pending and alleges damages ranging from $500,000 to $1,000,000. This underscores the importance for investors to stay vigilant and informed. Earlier complaints, although denied, suggest a history of clients expressing dissatisfaction with account oversight and communication.
Regulatory and Litigation Findings: What You Need to Know
- As of June 2024, there are no recorded regulatory, civil, or criminal proceedings involving Mr. Stillman related to investment misconduct, regulatory violations, or bankruptcy filings.
- There are no federal or state lawsuits in which Mr. Stillman is a named defendant concerning investment activity.
- No SEC orders, settlements, or public enforcement actions have been issued against him individually.
- No judgments, liens, or financial disclosures indicating fiscal distress are on record at the county, state, or federal level.
This means that while some investor complaints have surfaced over Mr. Stillman’s long career, there are currently no formal findings of wrongdoing or regulatory sanctions on his record through mid-2024. However, the presence of a significant pending customer complaint remains a notable item for current and prospective clients to monitor.
Key Takeaways for Investors: What Should You Do?
- Even a single pending complaint alleging six-figure or seven-figure losses merits careful review. It’s a signal for investors to take a closer look at account statements, past advice, and ongoing recommendations from the advisor.
- If you have worked with Mitch Stillman at Wells Fargo Clearing Services or any of his prior broker-dealers, and have concerns about losses, missed instructions, or communications in your accounts, you are encouraged to seek a second opinion from qualified securities lawyers.
- Working with experienced legal counsel can provide clarity on whether you may have actionable claims—and how to proceed if you’ve experienced investment losses.
The Value of a Free Legal Consultation
Haselkorn & Thibaut’s mission is to advocate for investors who have suffered losses due to possible investment or advisor misconduct. With a team of attorneys who have decades of experience and a remarkable track record of results, they can help determine if you have cause for recovery, at no cost to you unless there is a recovery.
If you have questions or concerns about your investments with Mitch Stillman or any advisor at Wells Fargo Clearing Services, you can call 1-888-885-7162 to speak confidentially with an attorney. Your first consultation is always free, with no out-of-pocket cost to you.
Don’t Wait—Protect Your Financial Future
Whether you are a current or former client, it’s important to be proactive. If you notice unexplained investment losses or feel your objectives were not met, now is the time to find out if you could be eligible for financial recovery. Contact Haselkorn & Thibaut for a free, confidential case review. Remember: No recovery, no fee.
Your financial security matters. Don’t hesitate to take the first step toward peace of mind and potential recovery by calling 1-888-885-7162 today.
