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David Logsdon Of Wells Fargo Clearing Services Has 5 Customer Complaints For Alleged Broker Misconduct

Who is David Logsdon of Wells Fargo Clearing Services?

David Logsdon (CRD #4178266) who is currently registered with Wells Fargo Clearing Services and located in Hailey, Idaho is a subject of one of our many securities industry sales practice abuse investigations.  David Logsdon was also the subject of a FINRA investigation for allegedly exercising discretion in account without written authorization from his customers or approval by his firm.  By consent, he was suspended for 5 days and fined $5,000.

David Logsdon Customer Complaints

David Logsdon has been the subject of 5 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Three of David Logsdon’s 5 customer complaints were settled in favor of investors. Two of David Logsdon’s customers’ complaints were denied and, to date, the customers have not taken any further action.

Allegations Against David Logsdon

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Client alleged all stocks in his portfolio should have been sold by David Logsdon, but were not.
  • Client claimed the terms of his investment in mutual funds were misrepresented by David Logsdon.
  • Customer alleged that David Logsdon purchased unsuitable securities for their accounts.
  • David Logsdon’s alleged failure to place stop losses on the portfolio resulting in significant monetary losses to the customer.
  • Power of attorney for client complained that the securities in the client’s account allegedly made by David Logsdon were not suitable.

David Logsdon Red Flags & Your Rights As An Investor

Of course, David Logsdon 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 David Logsdon at Wells Fargo Clearing Services on alert to review carefully the activity and performance of their accounts and question whether David Logsdon 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.

File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services Due To David Logsdon

If you have questions about Wells Fargo Clearing Services and/or David Logsdon 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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