The advisors operating out of the Appleton Branch for Wells Fargo on Westhill Boulevard have had numerous customer complaints and disciplinary issues.
According to public records, complaints against their brokers include, “sale of unsuitable investments in gas, oil, and transportation stocks,” “failure to diversify,” sale of investments that were not “safe” or “suitable” for the investors, overconcentration in “high risk energy stocks,” failure to properly disclose the risks of investments sold, failure to diversify, violations of Wisconsin’s uniform securities law, churning, annuity contracts,
Wells Fargo Advisors has paid arbitration awards or settlements in excess of $600,000 to resolve these claims for just advisors at this one branch.
Recently the SEC has conducted an investigation into several allegedly fraudulent practices of Wells Fargo Advisors including the sale of market-linked investments, volatility-linked exchange-traded products, and auction rated securities.
Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.
He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.
Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover your funds.