DID KENNETH ANREWS WELSH CAUSE YOU INVESTMENT LOSSES?
Kenneth Welsh Formerly With Wells Fargo Clearing Services, LLC Has 8 Customer Complaints For Alleged Broker Misconduct
About Kenneth Welsh formerly with Wells Fargo Clearing Services, LLC?
Kenneth Welsh (CRD #4657872) is a former securities broker with over 17 years of industry experience. He held positions at multiple firms, including Wells Fargo Clearing Services, LLC (2012–2021) and Morgan Stanley & Co. Incorporated (2007–2012). He is no longer registered with any securities firms or self-regulatory organizations. During his career, Mr. Welsh passed three general industry/product exams, including the Series 7 and Series 31 exams, and one multi-state securities law exam Series 66.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Kenneth Welsh Customer Complaints and Reviews
Eight Customer Disputes were noted:
- 1 Dispute Filed February 18, 2022:
- Complaint: alleged unauthorized withdrawals over 76 transactions
- Settlement October 31, 2023: $5,850,000.
- 5 Disputes 2021–2023
- Complaint: alleged unauthorized account activities, inappropriate investments, and fraud, with settlements
- Settlement Amounts: ranging from $21,355 to $592,920.
- 1 Dispute Filed July 22, 2022
- Complaint: alleging misappropriation with alleged damages $50,000
- Outcome: Denied by FINRA in March 2023.
- 1 Dispute Filed December 8, 2023
- Complaint: alleging unsuitable investments in ETFs and unit investment trusts.
- Alleged Damages: Unspecified
- Status: Pending resolution under FINRA 23-03478
Allegations Against Kenneth Welsh
Numerous disputes involved allegations of unsuitable investment recommendations, unauthorized account activities, and fraudulent withdrawals, some targeting elderly clients.
These allegations underscore significant compliance and ethical concerns.
Kenneth Welsh Red Flags & Your Rights As An Investor
Of course, Kenneth Welsh 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 Kenneth Welsh at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Kenneth Welsh 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 Kenneth Welsh
If you have questions about Wells Fargo Clearing Services, LLC and/or Kenneth Welsh 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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