DID CHRISTOPHER TODD BEUTEL CAUSE YOU INVESTMENT LOSSES?
Christopher Beutel Of Wells Fargo Clearing Services Has 2 Customer Complaints For Alleged Broker Misconduct
About Christopher Beutel Of Wells Fargo Clearing Services?
Christopher Beutel (CRD #2292733) is currently employed by Wells Fargo Clearing Services, LLC in Jacksonville, FL, where he has been registered since February 12, 2003. Throughout his career, he has been registered with multiple firms, including Salomon Smith Barney Inc. and Linsco/Private Ledger Corp. Beutel is registered with six Self-Regulatory Organizations and licensed in 31 U.S. states and territories. He has passed three general industry/product exams and two multi-state securities law exams, demonstrating a broad compliance with industry standards across multiple states.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Christopher Beutel Customer Complaints and Reviews
Christopher T. Beutel has been involved in two disclosed customer disputes:
- Customer Dispute 1 (Settled): In May 2020, a client complained verbally about misleading information regarding an annuity’s income rider. The complaint was settled in July 2020 for $31,606.92, with no financial contribution required from Beutel.
- Customer Dispute 2 (Settled): In May 2008, a client complained about the liquidity and expected earnings of Auction Rate Securities (ARS) purchased. This complaint was settled in August 2008 for $150,000. The settlement was part of a broader regulatory agreement involving the repurchase of ARS at par value, with Beutel not contributing financially to the settlement.
Allegations Against Christopher Beutel
- Misrepresentation and Misunderstanding of Product Terms: The first dispute involved a verbal complaint where Beutel allegedly provided incorrect information about the growth terms of an annuity’s income rider, leading to a financial settlement.
- Misrepresentation of Investment Liquidity and Returns: The second dispute involved allegations of unsuitability and misrepresentation regarding the liquidity and expected returns of ARS, culminating in a significant settlement as part of a regulatory agreement, although Beutel was not found personally responsible for the ARS market failure.
Christopher Beutel Red Flags & Your Rights As An Investor
Of course, Christopher Beutel 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 Christopher Beutel at Wells Fargo Clearing Services on alert to review carefully the activity and performance of their accounts and question whether Christopher Beutel has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Clearing Services 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 Wells Fargo Clearing Services Due To Christopher Beutel
If you have questions about Wells Fargo Clearing Services and/or Christopher Beutel 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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