Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 8, 2017 indicate that California-based Wells Fargo Clearing Services broker/adviser Peter Malis has received several customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Malis (CRD# 317892).
Peter Malis has spent 48 years in the securities industry and has been registered with Wells Fargo Clearing Services in Woodland Hills, California since 2003. Previous registrations include Prudential Securities in New York, New York; Bache Halsey Stuart; Paine Webber Jackson & Curtis; and Middendorf Colgate & Company. He is a registered broker and investment adviser with 22 US states and territories.
According to his BrokerCheck report, he has received four customer complaints.
In 2016 a customer allege Peter Malis, while employed at Wells Fargo Advisors, engaged in excessive, unsuitable and unauthorized trading. The complaint settled in May 2017 for $1,100,000.
In 1995 a customer allege Peter Malis, while employed at Prudential Securities, misrepresented and omitted material facts, made unsuitable investment recommendations, and failed in his supervisory duties. The complaint settled for $12,500.
In 1995 a customer alleged Peter Malis, while employed at Prudential Securities, misrepresented material facts, made unsuitable recommendations, committed fraud, breached his fiduciary duty, and omitted material facts. The complaint resulted in an award to the customer of more than $668,500.
In 1990 a customer alleged he, while employed at Prudential Securities, fraudulently and negligently misrepresented material facts, breached contract, and converted funds. The complaint settled for $400,000.
If you or someone you know has a complaint regarding Peter Malis, call 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.