DID STEPHEN HERMAN WEDEL CAUSE YOU INVESTMENT LOSSES?
Stephen Wedel Of Private Client Services, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Stephen Wedel of Private Client Services, LLC?
Stephen Wedel (CRD #1221992) has extensive experience in the financial industry, currently registered as a broker with Private Client Services, LLC in Naples, Florida. and as an investment advisor with RFG Advisory, LLC in Creve Coeur, Missouri. He has been with RFG Advisory since August 11, 2014, and Private Client Services since June 4, 2018. Wedel is licensed in 25 U.S. states and territories. His exam qualifications include two Principal/Supervisory Exams, five General Industry/Product Exams, and two Multi-State Securities Law Exams. His broad registration history indicates significant experience and a wide range of qualifications within the industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Stephen Wedel Customer Complaints and Reviews
Stephen Wedel has several disclosures reported in his FINRA report:
- Customer Disputes: Three customer disputes have been reported:
- Settled: Two disputes have been settled:
- A 2022 dispute involved allegations of inappropriate concentration in a business development company (BDC), settled for $8,000.
- A 2020 dispute claimed investments overexposed a client to risk, settled for $145,000.
- Pending: One pending dispute involves allegations of unsuitability regarding investments made in 2013-2014, focusing on real estate securities. The exact damages are undetermined but alleged to be over $5,000.
Allegations Against Stephen Wedel
The allegations and accusations in the reported disputes against Stephen Wedel include:
- Unsuitability: Allegations in the pending dispute claim that the investments recommended were not aligned with the client’s investment objectives and risk tolerance.
- Overexposure to Risk: In one settled dispute, the client alleged that the recommended investments excessively exposed them to risk.
- Inappropriate Investment Concentration: Another settled dispute involved claims of concentration in a publicly traded BDC that was deemed inappropriate for the clients’ investment objectives.
Stephen Wedel Red Flags & Your Rights As An Investor
Of course, Stephen Wedel 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 Stephen Wedel at Private Client Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Stephen Wedel has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Private Client Services, LLC 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 Private Client Services, LLC Due To Stephen Wedel
If you have questions about Private Client Services, LLC, RFG Advisory, LLC and/or Stephen Wedel 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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