Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 18, 2017 indicate that former Ohio-based Wells Fargo Advisors Financial Network broker Joel Newcomb recently resigned from Wells Fargo following allegations of misconduct. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Newcomb (CRD# 4183997).
Joel Newcomb has spent fifteen years in the securities industry and was most recently registered with Wells Fargo Advisors Financial Network in Canton, Ohio (2015-2016). Previous registrations include Morgan Stanley in Pittsburgh, Pennsylvania (2009-2015); Morgan Stanley & Company in Pittsburgh, Pennsylvania (2007-2009); and Morgan Stanley DW in Pittsburgh, Pennsylvania (2001-2007). He has passed three securities industry examinations; Series 66 (Uniform Combined State Law Examination); Series 31 (Futures Managed Funds Examination); and Series 7 (General Securities Representative Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, Joel Newcomb recently resigned from Wells Fargo Financial Advisors Network.
In October 2016 Joel Newcomb voluntarily resigned from his position at Wells Fargo Advisors Financial Network following allegations including “that Mr. Newcomb used discretion in client accounts without firm approval.”
FINRA rules dictate that brokers like Joel Newcomb are forbidden from “Purchasing or selling securities in a customer’s account without first contacting the customer and receiving the customer’s authorization to make the sale or purchase, unless the broker has received from the customer written discretionary authority to effect transactions in the account or the broker was given discretion as to price and time.” Brokers who exercise discretion without proper authorization may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding Joel Newcomb, call the attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. You may have a limited window by law to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.