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Wells Fargo broker Thomas Penrose: Complaints

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Pennsylvania-based Wells Fargo broker/adviser Thomas Penrose (CRD# 3148796).

Thomas Penrose has spent sixteen years in the securities industry and has been registered with Wells Fargo Advisors in Philadelphia, Pennsylvania since 2013. Previous registrations include Morgan Stanley in Philadelphia (2009-2013); Morgan Stanley & Company in Philadelphia (2007-2009); Morgan Stanley DW in Philadelphia (2000-2007); and Prudential Securities Corporation in New York, New York (1998-2000). Mr. Penrose is a registered broker and investment adviser in 29 US states and territories.

According to his BrokerCheck report, Thomas Penrose is the subject of two customer complaints and one pending customer complaint.

In 2014 a customer alleged Thomas Penrose, while employed at Morgan Stanley, misrepresented material facts related to an investment in stock options. The customer is seeking $1,800,000 in damages in the pending complaint.

In 2011 a customer alleged Thomas Penrose, while employed at Morgan Stanley Smith Barney, misrepresented material facts related to an investment in variable annuities. The complaint settled for $28,050.

In 2008 a customer alleged Thomas Penrose, while employed at Morgan Stanley & Company, failed to follow instructions to place a stop-loss order in the customer’s account. The complaint settled for $42,000.

If you have lost money investing with Thomas Penrose or Morgan Stanley, you may be able to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you recover money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.