Wells Fargo Rep Richard White Barred From Industry

According to a recent Financial Planning article, Richard White, a former Wells Fargo representative was expelled from the industry for depositing his gambling winnings in a way the deliberately skirted federal reporting requirements under the Bank Secrecy Act. The Financial Industry Regulatory Authority (FINRA) accused White of unlawfully “structuring” a total of $77,560 that he…

Tim Cusick; Wells Fargo; San Diego, California

Stoltmann Law Offices is investigating Tim Cusick, a San Diego, California-based Wells Fargo broker. Cusick allegedly made misrepresentations regarding the suitability of a recommended investment strategy, made unsuitable transactions and recommendations, and “demanded that a customer sign a document to enroll his account into a program that charged wealth management fees.” These are all against…

Unsuitable Oil and Gas Investments with Broker Jeffrey Wilson?

Stoltmann Law Offices is investigating Wells Fargo broker Jeffrey Wilson, who was accused of unsuitable investment advice concerning various investment products including energy stocks that likely include master limited partnerships (MLPs). In August 2017, a customer alleged that Wilson recommended the purchase of unsuitable energy securities in or around August 2014. The claim is currently…

Update For Investors: Joseph Abbate of Wells Fargo

Joseph Abbate recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). He allegedly, while registered with Wells Fargo, engaged in discretionary trading in five customer accounts without written authorization. He allegedly placed 100 securities transactions in five customers; accounts without first communicating with the customers about…