Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 10, 2018 indicate that Texas-based Wells Fargo Clearing Services broker/adviser William Molfetto has been involved in resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Molfetto (CRD# 1404904).
William Molfetto has spent 31 years in the securities industry and has been registered with Wells Fargo Clearing Services in Houston, Texas since 2009. Previous registrations include UBS Financial Services in Birmingham, Michigan (2006-2009); Wachovia Securities in New York, New York (2003-2006); Prudential Securities in New York, New York in New York, New York (1990-2003); and Merrill Lynch in New York, New York (1985-1990). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 27, 1993; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 21, 1985; Series 3 (National Commodity Futures Examination), which he obtained on April 25, 1991; Series 7 (General Securities Representative Examination), which he obtained on September 21, 1985; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on January 28, 1991. He is a registered broker and investment adviser with six US states: Arkansas, Massachusetts, New York, Tennessee, Texas and Utah. 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 one pending customer complaint.
In September 2017 a customer alleged William Molfetto, while employed at Wells Fargo Clearing Services, failed to supervise a registered representative in connection to certain investment recommendations involving over-the-counter equities. The customer is seeking unspecified damages in the pending complaint.
In 2000 a customer alleged William Molfetto, while employed at Prudential Securities, failed in his supervisory duties. The complaint resulted in an award to the customer of $2,740.
If you have lost money investing with William Molfetto, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.