Haselkorn & Thibaut has opened an investigation into Peter Lee Waldron, a registered broker and investment advisor at Wells Fargo Clearing Services, LLC and Wells Fargo Advisors in Irvine, California.
Executive Overview
Table of Contents
With 21 years in the securities industry, Peter Lee Waldron (CRD# 4230510) brings a solid track record with major firms. However, recent events—including a pending customer dispute—warrant a closer look for current and prospective investors. Below is a concise research report outlining red flags, career milestones, and a complete list of complaints.
Key Profile Details
| Attribute | Details |
|---|---|
| Name | Peter Lee Waldron |
| CRD Number | 4230510 |
| Employer(s) | Wells Fargo Clearing Services, LLC & Wells Fargo Advisors (Irvine, CA) |
| Experience | 21 years |
| Licenses | Registered in 20 states; FINRA, NYSE, Nasdaq, Cboe |
| Total Disclosures | 2 |
Complete List of Complaints & Disclosures
-
Customer Dispute (Pending)
Date: November 14, 2024
Allegation: Unsuitable investment recommendations beginning April 2022
Status: Pending resolution -
Criminal Matter (Dismissed)
Date: August 19, 1994
Charges: Theft (felony), Possession of burglary tools (felony), Criminal trespassing (misdemeanor)
Disposition: All counts dismissed on August 29, 1994
Context: High‐school incident; no professional relevance
Career Timeline
- 2000–2001: WMA Securities, Inc. (Duluth, GA)
- 2005–2009: Merrill Lynch, Pierce, Fenner & Smith (Temecula, CA)
- 2009–2011: Morgan Stanley & Morgan Stanley Smith Barney (Temecula & San Diego, CA)
- 2011–2022: UBS Financial Services Inc. (Brea, CA)
- 2022–Present: Wells Fargo Clearing Services, LLC & Wells Fargo Advisors (Irvine, CA)
Red Flags & Risk Indicators
- Pending Customer Dispute
The pending arbitration alleges unsuitable investment recommendations made shortly after Mr. Waldron joined Wells Fargo in March 2022. While details such as damage amounts are not yet available, any open FINRA dispute merits attention. - Historical Criminal Matter
Though dismissed over three decades ago, the 1994 incident underscores the importance of reviewing complete background histories. All charges were dropped prior to any plea. - Firm Transitions
Mr. Waldron changed firms every 2–4 years until a 10-year tenure at UBS, which could reflect both growth and adaptation to new environments. Investors may wish to understand reasons for each move.
Why This Matters
Any pending dispute—especially one alleging unsuitable guidance—can impact your portfolio’s performance and your long-term financial goals. Even if dismissed, historical disclosures can influence risk assessments and due diligence processes.
Next Steps for Investors
- Verify Current Status: Check the latest on BrokerCheck.
- Request Documentation: Obtain detailed account statements and correspondence related to disputed recommendations.
- Consult Legal Experts: If you suspect losses from unsuitable trades, consider a thorough, no-cost review.
Haselkorn & Thibaut, a national securities fraud law firm with over 50 years of experience, a 98% success rate, and millions recovered for clients, is offering a free, no-obligation consultation. No recovery, no fee. To learn your rights and explore potential claims, call 1-888-885-7162 today.
