DID EVAN RICHARD WUHL CAUSE YOU INVESTMENT LOSSES?
Evan Wuhl Of Wells Fargo Clearing Services Has 16 Customer Complaints For Alleged Broker Misconduct
Who is Evan Wuhl of Wells Fargo Clearing Services?
Evan Wuhl (CRD #867812) who is currently registered with Wells Fargo Clearing Services and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations.
Evan Wuhl Customer Complaints
Evan Wuhl has been the subject of 16 customer complaints that we know about. Twelve of Evan Wuhl’s 16 customer complaints were settled in favor of investors. Four of Evan Wuhl’s customers complaints were denied and, to date, the customers have not taken any further action.
Allegations Against Evan Wuhl
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Evan Wuhl’s alleged unauthorized and unsuitable purchase of stock
- Claimants alleged that Evan Wuhl’s recommendations were unsuitable.
- Client complained that he is not willing to take big risks and his investments are down more than the percentage stated by the financial advisor.
- Claimant alleged that Evan Wuhl’s recommendations of leveraged ETFs were unsuitable.
- Claimant alleged that respondents and Evan Wuhl inappropriately repeatedly recommended the purchase of multiple share of an inverse-leveraged ETF and then liquidated the entire position in the ETF without her authorization.
- Claimant alleged unsuitability by Evan Wuhl in that respondents recommended the purchase of mutual funds, individual stocks and leveraged ETFs that were inconsistent with claimants’ investments objectives and financial circumstances.
- Claimant defined benefit plan alleged that Evan Wuhl’s recommendation of leveraged ETF was unsuitable and unauthorized.
- Claimants alleged unsuitable investment recommendations in both of two (2) accounts (even though one of these accounts was placed with a third-party money manager).
- The client alleged that Evan Wuhl placed trades in his account without his authority. The client further alleges the trade was unsuitable for his investment portfolio.
- The client alleged that Evan Wuhl purchased a security without his authorization.
- The client alleged that Evan Wuhl misrepresented his triple leveraged short EFT investments.
- Claimants alleged that Evan Wuhl allegedly recommended unsuitable investments, including both aggressive mutual funds and leveraged ETFs and engaged in unauthorized trading in claimants’ accounts.
Evan Wuhl Red Flags & Your Rights As An Investor
Of course, Evan Wuhl 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 Evan Wuhl at Wells Fargo Clearing Services on alert to review carefully the activity and performance of their accounts and question whether Evan Wuhl 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 Evan Wuhl
If you have questions about Wells Fargo Clearing Services and/or Evan Wuhl 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.