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Donald Rich Of Wells Fargo Clearing Services Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Donald Rich of Wells Fargo Clearing Services?

Donald Rich (CRD #375398) who is currently registered with Wells Fargo Clearing Services and located in Old Greenwich, Connecticut is a subject of one of our many securities industry sales practice abuse investigations.

Donald Rich Customer Complaints

Donald Rich has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Donald Rich’s 3 customer complaints was settled in favor of investors. One of Donald Rich’s customers’ complaints was denied and, to date, the customers have not taken any further action. There is currently one pending customer complaint filed against Wells Fargo Clearing Services for investment losses caused by Donald Rich’s alleged misconduct.

Allegations Against Donald Rich

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

  • Claimant alleged that Donald Rich failed to follow his instructions.
  • POA (Power Of Attorney) alleged that Donald Rich deposited insurance check for client into his personal account; recommended unsuitable investments; refused to return money to client; made unauthorized trades; and engaged in fraudulent deception.

Donald Rich Red Flags & Your Rights As An Investor

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

If you have questions about Wells Fargo Clearing Services and/or Donald Rich 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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