Articles Tagged with Wells Fargo

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Ricky MaultaschPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 25, 2017 indicate that New York-based Wells Fargo broker/adviser Ricky Maultasch has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Maultasch (CRD# 820887).

Ricky Maultasch has spent 41 years in the securities industry and has been registered with Wells Fargo Clearing Services in New York and Melville, New York since 2003. Previous registrations include Prudential Securities in New York, New York (1977-2003) and Bache Halsey Stuart (1976-1977). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on July 12, 2004; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 1, 1993; PC (AMEX Put and Call Exam), which he obtained on July 13, 1977; and Series 7 (General Securities Representative Examination), which he obtained on April 10, 1976. He is a registered broker and investment adviser with 27 US states and territories: Arizona, California, Connecticut, Delaware, the District of Columbia, Florida, Illinois, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia, Washington and Wisconsin. 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 pending customer complaint.

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Marcus Debaise

Public records provided by the Financial Industry Regulatory Authority (FINRA) on February 20, 2017 indicate that former Connecticut-based Wells Fargo broker Marcus Debaise has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Debaise (CRD# 2404266).

Marcus Debaise has spent 21 years in the securities industry and was most recently registered with Wells Fargo Advisors in Glastonbury, Connecticut (2003-2015). Previous registrations include Prudential Securities in New York, New York (2000-2003) and Legg Mason Wood Walker in Baltimore, Maryland (1993-2000). Mr. Debaise is currently not registered with any state or firm.

According to his BrokerCheck report, he has been the subject of 32 customer complaints and seven pending customer complaints.

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Clifford Rutledge

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 7, 2017 indicate that former Florida-based Wells Fargo Advisors broker/adviser Clifford “Bo” Rutledge, who has been the subject of regulatory sanctions and customer disputes, is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Rutledge (CRD# 16430380.)

Clifford Rutledge has spent 28 years in the securities industry and was most recently registered with Wells Fargo Advisors in Miramar Beach, Florida (2012-2016). Previous registrations include Morgan Keegan & Company in Pensacola, Florida; UBS Financial Services in Destin, Florida; Morgan Keegan & Company in Destin, Florida; EQ Financial Consultants in New York, New York; the Equitable Life Assurance Society of the United States in New York, New York; the Biedenharn Investment Group; Dean Witter Reynolds in Purchase, New York; Equico Securities in New York, New York; and American Express Financial Advisors. He is currently not registered with any state or firm.

According to his BrokerCheck report, Clifford Rutledge has received two customer complaints and two regulatory sanctions.

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Wells Fargo According to a report published by Investment News in December 2016, the Financial Industry Regulatory Authority (FINRA) has fined Wells Fargo $1 million in connection to the broker-dealer’s alleged supervisory failures. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Wells Fargo Advisors, now known as Well Fargo Clearing Services.

Wells Fargo Clearing Services maintains its principal place of business in St. Louis, Missouri and operates more than 7,000 branches, with almost 27,000 registered representatives. According to FINRA’s complaint, the firm “failed to establish, maintain, and enforce reasonable supervisory systems for the use of consolidated reports generated by their registered representatives through a particular application (the “Application”) that the Firms made available to their registered representatives.” It also allegedly “ailed to review the content of the consolidated reports generated using the Application (the “Application Reports”), including customized values for assets and accounts held away from the Firms” and “failed to provide a mechanism allowing their representatives to designate which Application Reports were actually provided to customers.” Although the firm’s systems were designed to review customer communications, the records in question were allegedly not subjected to these systems.

For reference, FINRA’s findings define a “consolidated report” thusly: “A consolidated report is a document provided by a broker to a customer that combines account information regarding a customer’s financial holdings, regardless of where those assets are held. Consolidated reports supplement, but do not replace, the customer account statements required pursuant to NASD Rule 2340. FINRA Regulatory Notice 10-19 reminds member firms that consolidated reports are communications with the public and therefore must be clear, accurate, and not misleading pursuant to FINRA Rule 2210(d)(1), which describes the content standards applicable to such communications.”

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Ben Szeto

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 23, 2017 indicate that California-based Wells Fargo Advisors broker/adviser Ben Szeto has been the subject of a customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Szeto (CRD# 3271827).

Ben Szeto has spent twelve years in the securities industry and has been registered with Wells Fargo Advisors in Oakland, California since 2012. Previous registrations include Univest Securities in New York, New York; Chase Investment Services in San Francisco, California; Wamu Investments in San Francisco, California; Banc of America Investment Services in San Francisco, California; Citicorp Investment Services in Long Island City, New York; Wells Fargo Investments in San Francisco, California; and Wells Fargo Securities in San Francisco, California. He is a registered broker and investment adviser in California.

According to his BrokerCheck report, Ben Szeto has received one customer complaint and two denied customer complaints.

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German Mora

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 23, 2017 indicate that Florida-based Wells Fargo Advisors broker/adviser German Mora was terminated from a former employer following allegations of misconduct. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Mora (CRD# 5032958).

German Mora has spent eight years in the securities industry and has been registered with Wells Fargo Advisors in Miami, Florida since November 2016. Previous registrations include Merrill Lynch in San Antonio, Texas; BBVA Securities in San Antonio, Texas; BBVA Compass Investments in San Antonio, Texas; CP Capital Securities in Miami, Florida; and UBS Financial Services in Miami, Florida. He is a registered broker and investment adviser with three US states: California, Florida, and Texas.

According to his BrokerCheck report, German Mora has been terminated from one former employer.

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John Dettelbach

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 23, 2017 indicate that former Ohio-based Wells Fargo Advisors broker/adviser John Dettelbach has been the subject of pending or resolved customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Dettelbach (CRD# 66366).

John Dettelbach has spent 45 years in the securities industry and was most recently registered with Wells Fargo Advisors in Pepper Pike, Ohio (1990-2016). Previous registrations include Prescott Ball & Turben; Loeb Partners; Hornblower Weeks Noyes & Trask; and Hornblower Weeks Hemphill Noyes. He is currently not registered with any state or firm.

According to his BrokerCheck report, John Dettelbach has received three customer complaints and one pending customer complaint, and was discharged from his position at Wells Fargo Advisors.

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Joel Newcomb

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.

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Timothy FifePublic records published by the Financial Industry Regulatory Authority (FINRA) on January 9, 2017 indicate that former Ohio-based Wells Fargo Advisors broker Timothy Fife has been the subject of numerous customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Fife (CRD# 2437888).

Timothy Fife has spent fifteen years in the securities industry and was most recently registered with Wells Fargo Advisors in Westlake, Ohio (2000-2009). He was previously registered with Salomon Smith Barney in New York, New York (1994-2000). He is currently not registered with any state or firm.

According to his BrokerCheck report, Timothy Fife has received seventeen customer complaints and one regulatory sanction which is currently on appeal.