Published On: January 24, 2017

Stoltmann Law Offices is investigating David Welty, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Welty was accused of converting $8,700 from an account of Wells Fargo, while he was a broker there, and using the money for personal expenses. This is against securities laws. Allegedly, in October 2015, Welty opened an account for a fun at Wells Fargo. During this time, he transferred $8,700 of the funds into his own personal account. For this he was barred from the industry. According to his online, FINRA BrokerCheck page, Welty was registered with Wells Fargo in Norristown, Pennsylvania from March 2012 until December 2016. He is not currently registered with a firm. If you suffered investment losses with David Welty, his former firm, Wells Fargo, can be sued in the FINRA arbitration forum on a contingency fee basis to recover those losses. Please call our Chicago-based law firm at 312-332-4200 today for a no-cost consultation with an attorney. There is no obligation. We take cases on a contingency fee basis.

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