Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 21, 2018 indicate that New York-based Wells Fargo Clearing Services broker/adviser Mitchell Rock has been involved in customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Rock (CRD# 1451592).
Mitchell Rock has spent 31 years in the securities industry and has been registered with Wells Fargo Clearing Services in New York, New York since August 2016. Previous registrations include Morgan Stanley & Company in New York, New York (2008-2009); UBS Financial Services in New York, New York (2000-2008); CIBC World Markets Corporation in New York, New York (1993-2000); Merrill Lynch in New York, New York (1992); Dubin & Swieca Securities in New York, New York (1991); Lehman Brothers in New York, New York (1988-1991); and EF Hutton & Company (1986-1988). He has passed four securities industry examinations: Series 65 (Investment Adviser Law Examination), which he obtained on September 14, 1993; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 20, 1987; Series 3 (National Commodity Futures Examination), which he obtained on March 9, 1989; and Series 7 (General Securities Representative Examination), which he obtained on April 19, 1986. He is a registered broker and investment adviser with 15 US states and territories: Alabama, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Maryland, Massachusetts, Nevada, New Jersey, New York, Pennsylvania, Texas, and Virginia.
According to his BrokerCheck report, he has received four customer complaints and five customer complaints that were denied.
In 2018 a customer alleged Mitchell Rock, while employed at Wells Fargo Advisors, made misrepresentations regarding the accounts. The customer sought $500,000 in damages in the complaint, which was denied.
In 2012 a customer alleged Mitchell Rock, while employed at UBS Financial Services, recommended unsuitable investments and made omissions of material facts. The complaint settled for $61,000.
In 2009 a customer alleged Mitchell Rock, while employed at UBS Financial Services, misrepresented and recommended unsuitable investments. The complaint settled for $150,000.
In 2008 a customer alleged he, while employed at UBS Financial Services, recommended an unsuitable investment in auction rate securities prior to the widespread breakdown of liquidity in the market for auction rate securities. The complaint settled with the firm’s repurchase of the securities at par value, for $225,000.
In 1989 a customer alleged he, while employed at Shearson Lehman Hutton, violated securities law, breached contract, committed fraud and made unsuitable investment recommendations. The complaint settled for $101,550.
If you or someone you know has lost money investing with Mitchell Rock, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.