DID GEORGE NICHOLAS VENIZELOS CAUSE YOU INVESTMENT LOSSES?
George Venizelos Of Wells Fargo Clearing Services Has 4 Customer Complaints For Alleged Broker Misconduct
Who is George Venizelos of Wells Fargo Clearing Services?
George Venizelos (CRD #1105955) who is currently registered with Wells Fargo Clearing Services and located in Westport, Connecticut is a subject of one of our many securities industry sales practice abuse investigations.
George Venizelos Customer Complaints
George Venizelos has been the subject of 4 customer complaints that we know about. Two of George Venizelos’ 4 customer complaints were settled in favor of investors. One of George Venizelos’ 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 Advisors for investment losses caused by George Venizelos’ alleged misconduct.
Allegations Against George Venizelos
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Plaintiff alleges that George Venizelos misrepresented the benefit of switching from a commission based account to a fee based account which resulted in the Plaintiff paying more in fees than he would have paid in commissions.
- Claimants alleged that George Venizelos made unsuitable investments. Client alleged suitability and churning.
- Counsel for the client alleged George Venizelos placed client in a portfolio of unsuitable and risky stocks utilizing margin, which resulted in losses.
George Venizelos Red Flags & Your Rights As An Investor
Of course, George Venizelos 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 George Venizelos at Wells Fargo Clearing Services on alert to review carefully the activity and performance of their accounts and question whether George Venizelos 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 George Venizelos
If you have questions about Wells Fargo Clearing Services and/or George Venizelos 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.