DID ROBERT JOHN PALATELLA CAUSE YOU INVESTMENT LOSSES?
Robert Palatella Of Wells Fargo Clearing Services, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Robert Palatella of Wells Fargo Clearing Services, LLC?
Robert Palatella (CRD #1492207) is a seasoned broker currently registered with Wells Fargo Advisors and Wells Fargo Clearing Services, LLC in La Jolla, CA, since August 4, 2017. He has a rich history in the securities industry, having previously worked with notable firms such as Morgan Stanley and Prudential Securities. Palatella is licensed in 37 U.S. states and territories and is affiliated with six Self-Regulatory Organizations. His credentials include passing two general industry/product exams (Series 7 and Securities Industry Essentials) and two multi-state securities law exams (Series 63 and 65).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Robert Palatella Customer Complaints and Reviews
Robert J. Palatella has several disclosures reported on his record:
- Customer Dispute (Settled): A dispute filed on February 24, 2022, alleged that Palatella did not timely execute an order to redeem mutual fund shares, resulting in a settlement of $27,372.18 on May 19, 2022.
- Customer Dispute (Denied): This dispute, filed on October 20, 2004, involved allegations of excessive trading and failure to follow instructions between July 1998 and September 2001 while at Prudential Securities. It was denied on November 29, 2004.
- Customer Dispute (Pending): A recent complaint received on March 19, 2024, alleges that in 2021, Palatella made unsuitable securities recommendations. This dispute is currently pending.
Allegations Against Robert Palatella
- Settled Allegation:
- Failure to timely execute a mutual fund redemption order, leading to a financial settlement.
- Denied Allegation:
- Accusations of excessive trading and non-compliance with client instructions were ultimately denied.
- Pending Allegation:
- Claims of making unsuitable investment recommendations based on the client’s investment experience and risk tolerance. This case is still under review in FINRA arbitration.
Robert Palatella Red Flags & Your Rights As An Investor
Of course, Robert Palatella 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 Robert Palatella at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Robert Palatella 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 Robert Palatella
If you have questions about Wells Fargo Clearing Services, LLC and/or Robert Palatella 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.
Rate this Post
Loading...