Wells Fargo Advisors—Unsuitable Recommendations to Retail Customers

Wells Fargo Advisors Allegedly Made Unsuitable Recommendations to Retail Customers to Purchase Structured Repackaged Asset-Backed Trust Securities (STRATS) Wells Fargo Advisors allegedly made unsuitable recommendations to retail customers to purchase Structured Repackaged Asset-Backed Trust Securities (STRATS), according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). What is more, the AWC further alleges… Read more »

Wells Fargo Advisors Slapped with $1.5 Million FINRA Fine for Alleged Anti-Money Laundering Compliance Failure

Rochester stockbroker fraud attorney

The Peiffer Wolf investment fraud attorneys are currently investigating Wells Fargo Advisors. From 2003 to 2012, Wells allegedly failed to properly examine as many as 220,000 new clients, and not completing the requisite identity verification, according to FINRA documents currently being poured over by attorneys Jason Kane and Joe Peiffer. A statement from the regulator… Read more »