Haselkorn & Thibaut Opens Investigation into Steven Alan Tann of Wells Fargo Advisors – What Los Angeles Investors Need to Know
Last Updated: July 2025 – Los Angeles, CA
Haselkorn & Thibaut (investmentfraudlawyers.com), a national securities fraud law firm with over 50 years of experience helping individuals recover losses due to investment misconduct, has initiated an investigation into the conduct of Steven Alan Tann (CRD#: 1589757). If you worked with Steven Tann — currently a stockbroker and financial advisor for Wells Fargo Advisors / Wells Fargo Clearing Services, LLC in Los Angeles, CA — understanding his regulatory history and customer disclosures is essential to protecting your investments.
Who Is Steven Alan Tann?
Table of Contents
- Name: Steven Alan Tann
- CRD Number: 1589757
- Current Employer: Wells Fargo Advisors / Wells Fargo Clearing Services, LLC
- Primary Function: Stockbroker / Financial Advisor
- Primary Location: Los Angeles, CA
- Prior Employers: J.P. Morgan Securities LLC, Morgan Stanley & Others
With decades in the securities industry, Steven Tann has worked at some of the largest investment firms. This track record underlines his experience, but also highlights the importance of a thorough review of his professional background. Investors deserve transparency.
Why Is Steven Alan Tann Under Investigation?
Haselkorn & Thibaut is responding to investor concerns about Mr. Tann’s history of client complaints and regulatory disclosures. By compiling and reviewing public records and regulatory filings, we aim to help investors make informed decisions and, where appropriate, pursue recovery of losses.
Customer Complaints, Disclosures, and Red Flags
According to the latest available data from FINRA BrokerCheck and public records, Steven Tann’s record includes the following reportable events:
| Date | Allegation / Incident | Status / Outcome |
|---|---|---|
| October 2022 | Client alleged unsuitable investment recommendations and misrepresentation, seeking recovery for investment losses. | Settled for $47,000, advisor denied allegations. |
| September 2021 | Client alleged excessive trading resulting in losses within managed account. | Dismissed, no compensation paid. |
| March 2018 | Allegation of failure to follow client instructions regarding allocation of assets. | Denied, closed with no action. |
It is important to remember that not all complaints indicate wrongdoing. However, a pattern of similar allegations may be a warning sign and indicate that further investigation is warranted. Investors should review disclosure summaries and red flags before entrusting professionals with their assets.
Key Red Flags for Investors
- Multiple Complaints: A series of customer disputes, such as those cited above, can suggest potential concerns about compliance or suitability of recommendations.
- Allegations of Unsuitable Recommendations: Unsuitable investment advice can lead to significant investor losses, especially for individuals with low risk tolerance or specific financial objectives.
- Settlement Payments: While settlements do not admit fault, they deserve your attention – especially if they arise from similar issues, like suitability or misrepresentation.
- Dismissed Complaints: Even if complaints are denied or dismissed, the presence of repeated allegations indicates the importance of monitoring account activity and maintaining clear communication with your advisor.
About Wells Fargo Advisors / Wells Fargo Clearing Services, LLC
Wells Fargo Advisors is a prominent brokerage and investment advisory firm. Like all financial institutions, it is subject to ongoing oversight by regulatory agencies such as FINRA and the SEC. Investors should ensure their advisor—and the firm—are transparent about any past issues or client complaints.
Steps for Concerned Investors
- Check Your Account Statements: Identify any unexplained or unsuitable transactions, sudden changes in investment allocation, or unexpected losses.
- Document Your Interactions: Keep records of your correspondence and written communications with your advisor. A clear paper trail can be critical if there is a dispute.
- Review Your Advisor’s Regulatory History: Use tools such as FINRA BrokerCheck to examine any public disclosures or past allegations.
- Act Promptly: If you believe you have suffered losses due to mismanagement, misrepresentation, or unsuitable advice, timely action can be critical to protect your rights.
How Haselkorn & Thibaut Can Help
If you have concerns about your investments with Steven Alan Tann or Wells Fargo Advisors, Haselkorn & Thibaut’s experienced team can provide a free, confidential consultation. With a 98% success rate and a strong national reputation, our attorneys have recovered millions for investors — and you pay nothing unless we recover for you (no recovery, no fee).
Our firm is actively investigating Steven Alan Tann’s conduct on behalf of investors. If you have experienced unexpected losses or have questions, take action today. Contact Haselkorn & Thibaut at 1-888-885-7162 for your free consultation.
- Confidential review of your circumstances
- No cost unless we recover your losses
- Guidance from nationally recognized securities attorneys
Your financial security matters. Don’t leave your peace of mind to chance—reach out now.
