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Wells Fargo broker Thomas Debaise: Complaints

According to the Financial Industry Regulatory Authority (FINRA), former Connecticut-based Wells Fargo broker Thomas Debaise 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. Debaise.

Thomas Debaise has spent 21 years in the securities industry and was most recently registered with Wells Fargo Advisors in Glastonbury, Connecticut (2003-2015). Previous registrations include Prudential Securities in New York, New York (2000-2003) and Legg Mason Wood Walker in Baltimore, Maryland (1993-2000). Mr. Debaise is currently not registered with any state or firm.

According to his BrokerCheck report, Thomas Debaise is the subject of five customer complaints and ten pending customer complaints.

In June 2015 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, recommended unsuitable investments between 2008 and 2011. The customer is seeking $211,573 to 256,457 in damages in the pending complaint.

In April 2015 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, made unauthorized trades, failed to diversify a customer’s portfolio, and over-concentrated the customer’s account. The customer is seeking more than $5,000 in damages in the pending complaint.

In April 2015 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, recommended unsuitable investments. The customer is seeking more than $5,000 in damages in the pending complaint.

In February 2015 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, executed unauthorized trades and failed to diversify the customer’s account. The customer is seeking more than $5,000 in damages in the pending complaint.

In 2014 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, executed unauthorized trades and failed to diversify the customer’s account. The complaint settled for $53,000.

In 2014 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, executed unauthorized trades, over-concentrated the customer’s account, and failed to exercise loss management. The customer is seeking more than $600,000 in damages in the pending complaint.

In 2013 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, recommended unsuitable investments. The complaint settled for $300,000.

In 2013 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, recommended unsuitable investments and executed unauthorized trades. The complaint settled for $30,000.

In 2013 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, failed to diversify the customer’s account, took unjustified risks, and failed to notify the client of those risks. The complaint resulted in an award to the customer of $40,000.

In 2013 a customer alleged Thomas Debaise, while employed at Wells Fargo Advisors, made unsuitable investments and failed to diversify the customer’s portfolio. The customer is seeking at least $300,000 in damages in the pending complaint.

If you have lost money investing with Thomas Debaise or Wells Fargo Advisors, you may be entitled to recover 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: Fitapelli Kurta only gets paid if and when you collect money. You may have a limited window to file your claim, so do not delay, Call 877-238-4175 now to speak to an attorney for free.