Haselkorn & Thibaut Opens Investigation into Tomer Mizrahi of Wells Fargo Advisors Following Morgan Stanley Resignation
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Haselkorn & Thibaut, a national securities fraud law firm with over 50 years of experience, has opened an investigation into financial advisor Tomer Mizrahi, currently registered with Wells Fargo Advisors in Hackensack, New Jersey. This investigation follows concerning disclosures about his recent resignation from Morgan Stanley amid allegations involving client account activities.
Understanding the Recent Disclosure: What Investors Need to Know
If you’re an investor who has worked with Tomer Mizrahi, you deserve to understand what the recent regulatory disclosures mean for your investments. According to FINRA BrokerCheck records, Mr. Mizrahi (CRD# 7554787) voluntarily resigned from Morgan Stanley in July 2025 following allegations regarding “the movement of client positions between different account types.”
This type of disclosure raises important questions that every investor should consider:
| Key Question | Why It Matters to You |
|---|---|
| Were your accounts affected? | Unauthorized transfers between accounts can impact your investment strategy and potentially create tax consequences |
| Did you authorize all account movements? | Any transfers should have been explicitly approved by you with full understanding of the implications |
| Have you noticed unexplained changes? | Review your statements for any transactions you don’t recognize or understand |
Red Flags Investors Should Watch For
When a financial advisor resigns during an investigation, it’s crucial to examine your accounts carefully. The movement of client positions between different account types without proper authorization or documentation can be a serious violation of industry rules. Here are specific warning signs to look for:
- Unexpected account transfers you didn’t explicitly authorize
- Changes in account types (such as from a retirement account to a taxable account)
- Transactions that generated unexpected fees or commissions
- Investment strategies that suddenly changed without your input
- Difficulty getting clear explanations about account activities
Your Rights as an Investor
FINRA Rule 2010 requires financial professionals to “observe high standards of commercial honor and just and equitable principles of trade.” When advisors violate this fundamental principle, investors may have grounds for recovering losses. The fact that Tomer Mizrahi’s disclosure specifically mentions account transfers suggests potential violations that could have impacted client portfolios.
You have the right to:
- Understand every transaction in your account
- Approve all transfers and changes to account types
- Receive clear documentation of all activities
- Recover losses caused by unauthorized or improper transactions
Tomer Mizrahi’s Professional Background
Understanding your advisor’s background helps assess potential risks. Tomer Mizrahi has only three years of experience in the securities industry, which is relatively limited compared to many financial advisors. He holds the following credentials:
- Series 7TO (General Securities Representative Examination)
- Series 66 (Uniform Combined State Law Examination)
- SIE (Securities Industry Essentials Examination)
- Licenses in 55 states
While these licenses demonstrate basic competency, the combination of limited experience and a resignation under investigation warrants careful review of all account activities.
What This Means for Wells Fargo Advisors Clients
Tomer Mizrahi joined Wells Fargo Advisors immediately after leaving Morgan Stanley in July 2025. If you’re currently working with him at Wells Fargo Advisors or followed him from Morgan Stanley, it’s essential to review all your account activities carefully. Pay special attention to:
- Any account transfers or changes since he became your advisor
- Investment recommendations that seem inconsistent with your goals
- Transactions you don’t fully understand
- Changes in fee structures or commission arrangements
Taking Action: Protecting Your Financial Future
Time is critical when addressing potential investment losses. The securities industry has specific deadlines for filing claims, and waiting too long could impact your ability to recover losses. Here’s what you should do immediately:
- Gather all account statements from the past three years
- Document any unauthorized transactions or account changes
- Calculate any losses or unexpected fees
- Keep records of all communications with your advisor
Remember, you don’t have to navigate this situation alone. Haselkorn & Thibaut has a 98% success rate in helping investors recover losses, with millions recovered for clients nationwide. Our team understands the complexities of securities law and can help determine if you have grounds for recovery.
Get Your Free Consultation Today
If you’ve worked with Tomer Mizrahi at either Wells Fargo Advisors or Morgan Stanley, don’t wait to protect your interests. Haselkorn & Thibaut offers free consultations to help you understand your rights and options. We work on a “no recovery, no fee” basis, meaning you pay nothing unless we successfully recover losses for you.
Contact Haselkorn & Thibaut today at 1-888-628-5590 for your free consultation.
With over 50 years of experience protecting investors, we’re here to help you.
Your financial future is too important to leave to chance. Whether you’ve noticed concerning activities in your accounts or simply want peace of mind, speaking with an experienced securities attorney can help you understand your situation and protect your investments. Call 1-888-628-5590 today – there’s no cost or obligation for the consultation, and it could be the most important call you make for your financial security.
