Customer Alleged Cynthia Marsteller Failed to Disclose Problems Related to an Investment

Cynthia Marsteller

Public records provided by the Financial Industry Regulatory Authority (FINRA) on May 1, 2018 indicate that Virginia-based Wells Fargo Clearing Services broker/adviser Cynthia Marsteller has received a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Marsteller (CRD# 1488230).

Cynthia Marsteller has spent 32 years in the securities industry and has been registered with Wells Fargo Clearing Services in Richmond, Virginia and Indian Wells, California since 1999. Previous registrations include BT Alex Brown in Baltimore, Maryland (1997-1999); First Union Capital Markets in Charlotte, North Carolina (1999); Alex Brown & Sons (1990-1997); Anderso & Strudwick in Richmond, Virginia (1988-1990); Tucker Anthony & RL Day (1987-1988); and Painewebber (1986-1987). She has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which she obtained on August 19, 1993; Series 63 (Uniform Securities Agent State Law Examination), which she obtained on April 30, 1986; Series 31 (Futures Managed Funds Examination), which she obtained on December 3, 2004; Series 7 (General Securities Representative Examination), which she obtained on April 19, 1986; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which she obtained on December 9, 1997. She is a registered broker and investment adviser with 25 US states and territories: Arizona, Arkansas, California, Colorado, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington. She is registered with five self-regulatory organizations (SROs): FINRA, NYSE American LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to her BrokerCheck report, she has received one customer complaint and one denied customer complaint.

In February 2017 a customer alleged Cynthia Marsteller, while employed at Wells Fargo Advisors, made unsuitable investments in the account from 2012 until 2015. The complaint settled in February 2018 for $85,000.

In 2000 a customer alleged Cynthia Marsteller, while employed at DB Alex Brown, failed to disclose financial problems related to an investment in Marvel III Holdings and assured him that the investment was safe. The customer sought $28,200 in damages in the complaint, which was denied.

If you or someone you know has a complaint regarding Cynthia Marsteller, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.