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Marcus Debaise Not a Licensed Broker or Adviser

Marcus DebaisePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 16, 2016 indicate that former Connecticut-based Wells Fargo broker Marcus 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 (CRD# 2404266).

Marcus 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, Marcus Debaise is the subject of 21 customer complaints and twelve pending customer complaints.

In June 2015, a customer alleged Marcus Debaise, while employed at Wells Fargo Advisors, recommended unsuitable investments between 2008 and 2011. The complaint settled for $84,000.

In 2014, a customer alleged Marcus 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 Marcus Debaise, while employed at Wells Fargo Advisors, executed unauthorized trades, over-concentrated the customer’s account, and failed to exercise loss management. The complaint settled in December 2015 for $353,600.

In 2014, a customer alleged Marcus Debaise, while employed at Wells Fargo Advisors, recommended unsuitable investments and did not properly allocate portfolios. The complaint settled in April 2016 for $300,000.

In 2014, a customer alleged Marcus Debaise, while employed at Wells Fargo Advisors, executed unauthorized trades and failed to diversify accounts. The complaint settled in January 2015 for $53,000.

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

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

If you have lost money investing with Marcus Debaise, 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.