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Investigation: Albany based Stockbroker, Patrick Lane

Patrick LaneAccording to records provided by the Financial Industry Regulatory Authority (FINRA), former New York-based Wells Fargo broker Patrick Lane is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Lane (CRD# 835051).

Patrick Lane has spent 35 years in the securities industry and was most recently registered with Wells Fargo Advisors in Albany, New York (2009-2014). Previous registrations include Citigroup Global Markets in Albany, New York (2001-2009); First Union Securities in St. Louis, Missouri (2000-2001); First Albany Corporation in New York, New York (1989-2000); Merrill Lynch (1985-1989); EF Hutton & Company (1980-1985); Kidder Peabody (1980); John Hancock Distributors (1977-1978); and John Hancock Mutual Life Insurance (1977-1978). He is currently not registered with any state or firm.

According to his BrokerCheck report, Patrick Lane is the subject of one customer complaint and one denied customer complaint.

In 2013 a customer alleged Patrick Lane, while employed at Wells Fargo Advisors, made unsuitable investment recommendations and executed transactions excessively and without authority. The complaint settled in 2015 for $50,000.

In 2009 a customer alleged Patrick Lane, while employed at Wells Fargo Exchange, recommend an investment in an annuity exchange that was not in the client’s best interest. The customer sought damages exceeding $788,900 in the complaint, which was denied.

If you have complaints regarding or have lost money investing with Patrick Lane, 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. Fitapelli Kurta takes every case on a contingency basis, which means Fitapelli Kurta only gets paid if and when you collect money. By law there may be a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.