Published On: September 23, 2015

Stoltmann Law Offices is investigating Rushton L. Adrey, a former broker with Wells Fargo. He recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). In 1995, Adrey entered into another AWC with NASD in which he was censured, fined $20,000 and suspended for 60 days for effecting a series of end-of-day transactions in an attempt to affect the closing price of securities. He is currently under Heightened Supervision imposed by the Massachusetts Securities Division. Recently, on August 22, 2012, Adrey caused a wire of $33,000 to be sent from his personal bank account to that of a customer to reimburse that customer for losses sustained in her account. His firm, Wells Fargo, did not approve of this transaction, nor did he receive prior written authorization. For this, Adrey was suspended from the industry for 10 days.

If you invested money with Rushton L. Adrey, his former firm, Wells Fargo, can be sued in the FINRA arbitration process to recover money losses. We are securities attorneys who sue firms such as Wells Fargo for not properly supervising brokers such as Adrey. The call is free with no obligation. We are based in Chicago, Illinois. 312-332-4200.

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