Haselkorn & Thibaut, a national investor protection law firm with over 50 years of experience, has opened an investigation into the activities of Stephen Wiedemann (CRD# 2212349), a financial advisor based in Newport Beach, California, currently registered with Wells Fargo Clearing Services. If you have invested with Mr. Wiedemann or have experienced investment losses, this report is essential reading.
Who Is Stephen Wiedemann?
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Stephen Wiedemann is a seasoned financial advisor and broker who has worked in the securities industry for more than three decades. Currently, he is registered as both a broker and investment advisor at Wells Fargo Clearing Services in Newport Beach, California. His extensive registration history also includes previous positions at Ameriprise Financial Services and Olde Discount Corporation.
Key Credentials:
- CRD Number: 2212349
- Current Firm: Wells Fargo Clearing Services, LLC
- Licenses & Examinations: Series 7, Series 8, Series 24, Series 31, Series 63, Series 65, SIE
- Years in Industry: 33
- State Licenses: 36
Track Record: Customer Complaints & Disclosures
Understanding a financial advisor’s complaint history is crucial before entrusting them with your investments. Below is a complete and up-to-date summary of reported complaints and disclosures related to Stephen Wiedemann according to the latest available public records.
| Date Filed | Allegation | Firm at Time | Claimed Damages | Status/Outcome |
|---|---|---|---|---|
| January 2026 | Alleged unsuitable recommendations of municipal bonds. | Wells Fargo Clearing Services | $400,000 (pending) | Complaint pending |
| 2013 | Alleged poor investment recommendations resulting in losses. | Ameriprise Financial Services | $148,065 | Withdrawn by client |
| 1994 | Alleged unsuitable investments and margin trades. | Olde Discount Corporation | $19,250 | Settled ($19,250 paid) |
Summary of Complaints:
- 2026 Complaint: An investor alleged that Mr. Wiedemann made recommendations for unsuitable municipal bond investments while at Wells Fargo Clearing Services; the matter remains unresolved, with damages of at least $400,000 claimed.
- 2013 Complaint: While representing Ameriprise Financial Services, he faced allegations of poor investment advice, with a claimed loss of $148,065. The client ultimately withdrew the complaint.
- 1994 Complaint: During his time at Olde Discount Corporation, there was an investor complaint regarding both unsuitable investments and margin trading—settled for $19,250 in 1995.
Additional Disclosures and Red Flags
In addition to these complaints, review of public regulatory records (including FINRA BrokerCheck and the SEC’s database) reveals the following:
- No SEC enforcement actions or formal investigations naming Stephen Wiedemann.
- No disciplinary actions or suspensions by FINRA.
- No bankruptcy filings or unsatisfied liens.
- No civil lawsuits or court judgments reported regarding securities-related claims.
However, the existence of multiple investor complaints—especially the recent $400,000 pending claim—should serve as a noteworthy consideration for anyone evaluating this advisor’s background.
If you are evaluating your own history with Stephen Wiedemann at Wells Fargo (or any of his previous employers), keep in mind:
- Pending claims do not mean guilt or liability, but reflect clients’ serious concerns and unresolved disputes.
- Resolved complaints and settlements may indicate past issues, even when the settlement amounts are lower than claimed damages.
- Regulatory and firm background checks should be reviewed directly on BrokerCheck for the most recent, official data.
How to Protect Yourself as an Investor
It is always wise to monitor the status of your broker-advisor using these practical steps:
- Review your account statements and confirmations regularly.
- Communicate your investment goals and risk tolerance in writing.
- Use BrokerCheck and the SEC’s EDGAR database for continual monitoring.
- Consult with independent legal or compliance professionals if you have concerns.
Next Steps: Free Review & Guidance from Haselkorn & Thibaut
If you have concerns about how your portfolio has been managed by Stephen Wiedemann or Wells Fargo, Haselkorn & Thibaut welcomes your call for a truly free and confidential consultation. Our nationwide law firm has helped investors recover millions in losses due to unsuitable recommendations, fraud, or negligence by financial advisors and firms.
- 50+ years collective experience
- 98% success rate
- No recovery, no fee – you pay us nothing unless we obtain a recovery for you
Your financial future is personal. If you are unsure about your investments, do not delay. Call Haselkorn & Thibaut at 1-888-885-7162 for your free case evaluation today.
Take the first step—peace of mind is only a conversation away.
