Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 18, 2016 indicate that Utah-based Wells Fargo Advisors broker/adviser Brian Weese has received numerous resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Weese (CRD# 2109121).
Brian Weese has spent 25 years in the securities industry and has been registered with Wells Fargo Advisors in Salt Lake City, Utah since 2008. Previous registrations include UBS Financial Services in Salt Lake City, Utah (2006-2008) and Citigroup Global Markets in Salt Lake City, Utah (1991-2006). He is a registered broker and investment adviser with 19 US states and territories: Arizona, California, Colorado, Florida, Idaho, Iowa, Michigan, Montana, Nevada, New York, Ohio, Oklahoma, Oregon, South Dakota, Texas, Utah, Virginia, Washington, and Wyoming.
According to his BrokerCheck report, Brian Weese has received two customer complaints and one pending customer complaint.
In December 2015, a customer alleged Brian Weese, while employed at Wells Fargo Advisors, moved his portfolio into unsuitable and aggressive investments. The customer is seeking $93,238 in damages in the pending complaint.
In 2010, a customer alleged Brian Weese, while employed at UBS Financial Services, “assured him that the worst thing that would happen would be the return of his principal, and that is why the term principal protection is used.” The complaint settled for $30,000.
In 2010, a customer alleged Brian Weese, while employed at UBS Financial Services, misrepresented and recommended unsuitable Lehman Brothers structured notes. The complaint settled in 2011 for $115,000.
In 2008, Brian Weese was terminated from his position at UBS Financial Services following allegations he signed client initials to a document.
FINRA rules as well as federal securities law require that brokers like Brian Weese recommend only investments that are suitable for their customers. The suitability standard requires financial professionals to consider the client’s age, investment goals, investment experience, risk tolerance, net worth, and many other factors. Brokers may not misrepresent or omit material facts related to an investment, as misrepresentations or omissions might lead a client to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding Brian Weese, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.