According to a recent InvestmentNews article, Eric Zakarin was ordered to pay back Wells Fargo $1.14 million in damages for breaching a promissory note contract. A Financial Industry Regulatory Authority (FINRA) arbitration panel sided with Wells Fargo. Mr. Zakarin then made a counterclaim against Wells Fargo, charging defamation and wrongful termination. The arbitrators denied his counterclaim. Mr. Zakarin must pay $96,000 in accrued interest. The panel also held him responsible for about $357,000 of Wells Fargo’s attorneys’ fees and almost $10,000 in other costs. Please call our law offices today for a free consultation if you invested money with Mr. Zakarin. Zakarin was registered with Lehman Brothers, Smith Barney, UBS, Morgan Stanley and Wells Fargo in Westfield, New Jersey from July 2013 until May 2015. He is currently registered with Independent Financial Group in Basking Ridge, New Jersey and has been since May 2015. He has five customer disputes against him.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.