Published on:

Charles Frieda Has Numerous Customer Complaints

Charles FriedaPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on May 12, 2016, indicate that California-based Wells Fargo Advisors broker/adviser Charles Frieda has received numerous settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Frieda (CRD# 5502319).

Charles Frieda has spent eight years in the securities industry and has been registered with Wells Fargo Advisors in Irvine, California since 2012. Previous registrations include Morgan Stanley in Brea, California (2009-2012) and Citigroup Global Markets in Brea, California (2008-2009). He is a registered broker and investment adviser with ten US states and territories: Arizona, California, Colorado, Delaware, Hawaii, Illinois, Nebraska, North Carolina, Tennessee, and Texas.

According to his BrokerCheck report, Charles Frieda has received 15 customer complaints and eight pending customer complaints.

In March 2016, a customer alleged that Charles Frieda, while employed at Wells Fargo Advisors, over-concentrated the account in unsuitable and risky energy and commodities stock. The complaint settled in March 2016 for $109,000.

In February 2016, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, over-concentrated the portfolio in unsuitable equities. The complaint settled in April 2016 for $105,000.

In January 2016, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, recommended unsuitable investments. The customer is seeking $200,000 in damages in the pending complaint.

In November 2015, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, increased her exposure to speculative investments. The customer is seeking unspecified damages in the pending complaint.

In November 2015, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, made unsuitable investment recommendations. The complaint settled in February 2016 for $163,700.

In December 2015, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, recommended unsuitable securities. The complaint settled in February 2016 for $16,000.

In October 2015, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, misrepresented material facts related to an investment and was negligent with the account. The complaint settled in February 2016 for more than $180,200.

In October 2015, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, invested the account in unsuitably high-risk small cap energy stocks, resulting in a decline. The complaint settled in March 2016 for $90,000.

In 2014, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, recommended unsuitable investments. The complaint settled in June 2015 for $334,000.

If you have lost money investing with Charles Frieda, you may be eligible 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: we only receive payment if and when you recover money. You might have a limited time to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.