Published on:

Investor Alleged John Kellar Executed Unauthorized Trades

shutterstock_164764706-300x185Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on May 16, 2018 indicate that Florida-based Wells Fargo Clearing Services broker/adviser John Kellar has received a customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Kellar (CRD# 1436046).

John Kellar has spent 32 years in the securities industry and has been registered wth Wells Fargo Clearing Services in Fort Lauderdale, Florida since 2003. Previous registrations include Prudential Securities in New York, New York (1999-2003); Dean Witter Reynolds in Purchase, New York (1992-1999); Morgan Keegan & Company in Memphis, Tennessee (1990-1993); Raymond James & Associates in St. Petersburg, Florida (1987-1990); and Painewebber (1985-1987). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on June 18, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 9, 1986; Series 31 (Futures Managed Funds Examination), which he obtained on May 21, 2003; and Series 7 (General Securities Representative Examination), which he obtained on December 14, 1985. He is a registered broker and investment adviser with 16 US states and territories: Alabama, Florida, Georgia, Kansas, Maryland, Massachusetts, Missouri, New Jersey, New York, North Carolina, Ohio, Texas, Utah, Virginia, Washington, and West Virginia. He 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According to his BrokerCheck report, he has received one customer complaint and four customer complaints that were withdrawn, denied or dismissed.

In April 2018 a customer alleged John Kellar, while employed at Wells Fargo Advisors, recommended an unsuitable investment. The customer sought unspecified damages in the complaint, which was denied.

In 2014 a customer alleged John Kellar, while employed at Wells Fargo Advisors, made unsuitable investment recommendations, executed unauthorized and excessive trades, and stole and diverted funds from the accounts. The customer sought unspecified damages in the complaint, which was withdrawn.

In 2004 a customer alleged he, while employed at Prudential Equity Group, recommended unsuitable investments and breached his fiduciary duty. The complaint resulted in an award to the customer of $90,600.

If you have complaints regarding John Kellar, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover 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 tolerance an attorney for free.