DID JAMES ROY PAIGE CAUSE YOU INVESTMENT LOSSES?

James Paige Of Wells Fargo Clearing Services, LLC Has 5 Customer Complaints For Alleged Broker Misconduct

Who is James Paige of Wells Fargo Clearing Services, LLC?

James Paige (CRD #1726609) has been in the securities industry since 1987 and is currently registered with Wells Fargo Clearing Services, LLC as a registered broker and Wells Fargo Advisors as an investment adviser. He has been with these firms since October 31, 2008. Prior to his current roles, Mr. Paige worked at Morgan Stanley and Blinder, Robinson & Co., Inc., among others. Mr. Paige is registered with six self-regulatory organizations (SROs) and holds licenses in 29 U.S. states and territories. He has passed three general industry/product exams and two multi-state securities law exams, with no principal/supervisory exams reported.

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James Paige Customer Complaints and Reviews

Mr. Paige has five customer disputes listed in his report:

one settled dispute;
three dismissed or closed disputes; and
one pending dispute
Settled Dispute
Complaint: Failure to diversify the portfolio and unsuitable recommendations without disclosing associated risks.
Claimed Damages: $1,000,000–$2,000,000.
Settlement Amount: $95,000 (no individual contribution from Mr. Paige).
Dismissed/Closed Disputes (3 Cases)
Complaint: Claims of unauthorized activity in managed/wrap accounts between 2019 and 2022.
Claimed Damages: None specified.
Outcome: All cases closed with no action taken.
Pending Dispute
Complaint: Unsuitable recommendations and unauthorized trading of asset-backed debt and other investments.
Claimed Damages: $11,000,000.
Status: Arbitration pending with FINRA, Case #24-00270.

Allegations Against James Paige

Settled Case:
The $95,000 settlement was reached to resolve allegations of unsuitable investment recommendations and lack of diversification. Mr. Paige denied any wrongdoing and did not personally contribute to the settlement.
Dismissed Cases:
Three complaints alleging unauthorized trading were dismissed with no action taken. These cases spanned multiple years and involved managed accounts.
Pending Case:
The most significant case involves a claim of $11,000,000 in damages related to unsuitable financial recommendations and unauthorized trading. The outcome of this arbitration could have a substantial impact on Mr. Paige’s record.

James Paige Red Flags & Your Rights As An Investor

Of course, James Paige 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 James Paige at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether James Paige 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.

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File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services, LLC Due To James Paige

If you have questions about Wells Fargo Clearing Services, LLC and/or James Paige 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.

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

James Paige of Wells Fargo Clearing Services, LLC