DID FREDERICK BRUCE SALUS CAUSE YOU INVESTMENT LOSSES?
About Frederick Salus of Wells Fargo Clearing Services, LLC?
Frederick Salus (CRD #1626385) is currently registered with Wells Fargo Clearing Services, LLC, based in Palm Beach Gardens, Florida, where he has been employed since July 1, 2003. Salus is registered with six self-regulatory organizations (SROs) and holds licenses across 38 U.S. states and territories. His prior employment includes positions with Prudential Securities Incorporated (1994-2003) and Oppenheimer & Co., Inc. (1992-1994). He has passed two general industry/product exams, including the Series 7 General Securities Representative Examination (1987), and two multi-state securities law exams. Salus also holds a Certified Financial Planner (CFP) designation, which supports his advisory qualifications.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Frederick Salus Customer Complaints and Reviews
- Customer Dispute Received September 6, 2024
- Complaint: The client’s attorney claims that Salus’s advice and account management were not aligned with the client’s investment objectives, leading to missed gains. Additionally, it is alleged that fee disclosures were insufficient and did not lead to improved investment outcomes..
- Product Type: Self-Directed Fee-Based Accounts (non-managed)
- Alleged Damages: $595,000.00
- Status: Pending, with no current indication of arbitration or civil litigation involvement.
Allegations Against Frederick Salus
- Investment Strategy and Fee Concerns: The client alleges that Salus’s investment recommendations and management style were unsuitable for their objectives, leading to lost gains. The complaint also indicates dissatisfaction with fee transparency, suggesting that the fees charged did not result in better investment performance.
- Significant Pending Damages: With alleged damages amounting to $595,000, this ongoing dispute reflects the client’s concerns over substantial financial impacts. As of now, this case remains unresolved, with no settlement or decision finalized.
Frederick Salus Red Flags & Your Rights As An Investor
Of course, Frederick Salus 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 Frederick Salus at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Frederick Salus 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 Frederick Salus
If you have questions about Wells Fargo Clearing Services, LLC and/or Frederick Salus 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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