DID THOMAS GERARD LEY CAUSE YOU INVESTMENT LOSSES?
Thomas Ley Of Wells Fargo Clearing Services, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Thomas Ley of Wells Fargo Clearing Services, LLC?
Thomas Ley (CRD #1127048) is currently employed by Wells Fargo Advisors and Wells Fargo Clearing Services, LLC, based in Toms River, NJ, where he has been registered since May 24, 2012. He is registered with six Self-Regulatory Organizations (SROs) and licensed in 13 U.S. states and territories. Thomas has passed three general industry/product exams (Series 7, SIE, and Series 3) and two multi-state securities law exams (Series 65 and Series 63). His extensive career includes previous registrations with notable firms such as Morgan Stanley Smith Barney and Citigroup Global Markets Inc.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Thomas Ley Customer Complaints and Reviews
Thomas G. Ley has been involved in several customer disputes:
- Customer Dispute (Resolved): Involving misrepresentation, suitability, and unauthorized trading while at Oppenheimer & Co., Inc., resulting in an arbitration award of $65,000 in damages to the claimant, settled in 1996.
- Customer Dispute (Denied): A complaint received in 2006 alleging unsuitable investment decisions while at MSDW, which resulted in denied claims with no settlement.
- Customer Dispute (Pending): A recent claim of March 25, 2024, alleges unauthorized trades by Thomas while at Wells Fargo Clearing Services, LLC, seeking approximately $15,000 in compensatory damages. This dispute is currently pending.
Allegations Against Thomas Ley
- Misrepresentation and Unsuitability: Allegations include making misrepresentations about the characteristics of investments and recommending unsuitable securities that did not align with clients’ investment objectives.
- Unauthorized Trading: Accusations that Thomas executed trades without the authorization of his clients.
- Breach of Fiduciary Duty: Involving claims that Thomas did not act in the best interest of his clients, potentially leading to financial losses for them.
Thomas Ley Red Flags & Your Rights As An Investor
Of course, Thomas Ley did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Thomas Ley at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Thomas Ley has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Clearing Services, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services, LLC Due To Thomas Ley
If you have questions about Wells Fargo Clearing Services, LLC and/or Thomas Ley and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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