DID ROBERT A DEBLASIO CAUSE YOU INVESTMENT LOSSES?
Robert DeBlasio Of Wells Fargo Clearing Services, LLC And Formerly With Morgan Stanley Has 2 Customer Complaints For Alleged Broker Misconduct
About Robert DeBlasio Of Wells Fargo Clearing Services, LLC?
Robert DeBlasio (CRD #5545994) is a registered broker currently affiliated with Wells Fargo Clearing Services, LLC in Boca Raton, Florida, since February 2019. Prior to this, he was associated with Morgan Stanley from October 2011 to March 2019, among other firms. DeBlasio is licensed in 46 U.S. states and territories and registered with 11 Self-Regulatory Organizations (SROs). His qualifications include passing two general industry/product exams (Securities Industry Essentials and General Securities Representative) and two multi-state securities law exams (Uniform Investment Adviser Law and Uniform Securities Agent State Law Examinations).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Robert DeBlasio Customer Complaints and Reviews
- Customer Disputes (2 Incidents)
- Misrepresentation Concerning Annuity Features: A client alleged misrepresentation regarding the features of an annuity between February 2018 and September 2018. The complaint was denied in March 2020, with no damages awarded.
- Misrepresentation of Investment Risks: In 2014, clients alleged misrepresentation of risks associated with investments in energy stocks. This complaint was also denied in April 2017, with no specified damages.
- Financial (1 Incident)
- Bankruptcy: DeBlasio filed for Chapter 13 bankruptcy on November 8, 2022. This case is currently pending in the U.S. Bankruptcy Court for the Southern District of Florida, under case number 22-18650-MAM.
Allegations Against Robert DeBlasio
- Allegations in Customer Disputes:
- Annuity Features Misrepresentation: Accusations of not accurately representing the features of an annuity product, resulting in no awarded damages.
- Investment Risk Misrepresentation: Allegations of misleading clients about the risks associated with energy stocks, which also resulted in no damage.
- Financial Disclosure:
- Bankruptcy Filing: Currently under Chapter 13 bankruptcy proceedings, indicating financial distress but with no direct implication of professional misconduct in his role as a broker.
Robert DeBlasio Red Flags & Your Rights As An Investor
Of course, Robert DeBlasio 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 DeBlasio at Wells Fargo Clearing Services, LLC and Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Robert DeBlasio 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 and Morgan Stanley also raises questions about the brokerage firms’ 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 DeBlasio
If you have questions about Wells Fargo Clearing Services, LLC, Morgan Stanley and/or Robert DeBlasio 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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