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Arizona-based Transamerica broker Tracy Wengert: Complaints

According to the Financial Industry Regulatory Authority (FINRA), former Arizona-based Transamerica broker Tracy Wengert is currently not licensed to act as a broker or investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Wengert (CRD# 3182678).

Tracy Wengert has spent fifteen years in the securities industry and was most recently registered with Transamerica Financial Advisors in Mesa, Arizona (2012-2015). Previous registrations include World Group Securities in Mesa, Arizona (2002-2012) and WMA Securities in Duluth, Georgia (1999-2002).

According to his BrokerCheck report, Tracy Wengert is the subject of one customer complaint, three pending customer complaints, and was discharged from his position at Transamerica Financial Services.

In September 2015 a customer alleged Tracy Wengert, while employed at Transamerica Financial Advisors, “established accounts for the client outside of [Transamerica Financial Advisors] and made unsuitable trades which resulted in financial losses.” The customer is seeking $100,000 in damages in the pending complaint.

In May 2015 a customer alleged Tracy Wengert, while employed at Transamerica Financial Advisors, executed unsuitable high-risk transactions, misrepresented an investment, and managed the customer’s investments “on a discretionary basis” at a third-party broker. The customer is seeking more than $307,400 in the pending complaint.

In January 2015 Transamerica Financial Advisors terminated Tracy Wengert following allegations he “managed client accounts on a discretionary basis without approval or oversight through another broker-dealer.”

In 2014 a customer alleged Tracy Wengert, while employed at Transamerica Financial Advisors, made unsuitable high-risk transactions, breached his fiduciary duty, misrepresented his investment strategy,  mischaracterized losses, and attempted to settle away from his member firm. The customer is seeking more than $732,000 in damages in the pending complaint.

In 2003 a customer alleged Tracy Wengert, while employed at WMA Securities, failed to deliver a life insurance policy. The complaint settled for about $5,899.

If you have or someone you know has complaints regarding Tracy Wengert or Transamerica Financial Advisors, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover your losses. Fitapelli Kurta accepts every cases on a contingency basis, which means we only get paid if and when you collect money. You might have a limited window to file your complaint, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.