DID SCOTT EDWARD WENDELIN CAUSE YOU INVESTMENT LOSSES?
About Scott Wendelin of Wells Fargo Clearing Services, LLC?
Scott Wendelin (CRD #1146303) is an experienced securities broker and investment adviser currently registered with Wells Fargo Clearing Services, LLC in Beverly Hills, California, since February 25, 2016. He has been active in the securities industry for over 40 years, with previous registrations at Credit Suisse Securities (USA) LLC, AllianceBernstein L.P., and other firms dating back to 1983. Mr. Wendelin has passed seven industry exams, including two principal/supervisory exams, three general industry/product exams, and two multi-state securities law exams. He is currently registered with six self-regulatory organizations (SROs) and licensed in seven U.S. states and territories, including California, Texas, and Nevada.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Scott Wendelin Customer Complaints and Reviews
- Customer Dispute (2023) received November 17, 2023
- Complaint: The claimant alleged that the financial advisor recommended retaining investments that were unsuitable, leading to portfolio underperformance. Allegations also included failure to monitor and provide appropriate recommendations.
- Product: Money Market Fund
- Claimed Damages: $495,000
- Outcome: The dispute was settled on November 13, 2024, for $49,500, without any admission of liability by Mr. Wendelin or contribution to the settlement.
Allegations Against Scott Wendelin
The settled customer dispute against Scott Edward Wendelin included allegations of recommending unsuitable investments, resulting in a significant claimed loss of $495,000. Below are key points regarding the case:
- Nature of Allegations: The claimant asserted that the financial advisor failed to monitor investments and provide appropriate advice, contributing to portfolio underperformance. This is a serious concern for any potential investor evaluating a broker’s history.
- Resolution Details: The case was settled for $49,500, with Wells Fargo clearing the settlement to avoid arbitration costs. It is noted that Mr. Wendelin did not contribute financially to the settlement or admit liability.
Scott Wendelin Red Flags & Your Rights As An Investor
Of course, Scott Wendelin 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 Scott Wendelin at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Scott Wendelin 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 Scott Wendelin
If you have questions about Wells Fargo Clearing Services, LLC and/or Scott Wendelin 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...