DID GLEN ALLEN SIMMONDS CAUSE YOU INVESTMENT LOSSES?
Glen Simmonds Of Wells Fargo Clearing Services Has A Customer Complaint For Alleged Broker Misconduct
Who is Glen Simmonds of Wells Fargo Clearing Services?
Glen Simmonds (CRD #4794821) who is currently registered with Wells Fargo Clearing Services and located in Geneva, Illinois is a subject of one of our many securities industry sales practice abuse investigations.
Glen Simmonds Customer Complaint
Glen Simmonds has been the subject of at least one customer complaint that we know about. The allegations made in the FINRA reported customer complaint for investment losses were Glen Simmonds accepted a check made payable to, and presented by, the client and invested the full proceeds in an account registered to the client, although he was aware a portion of the check was to be applied to a different account with different ownership. Approximately one month later, liquidations were executed to create the cash to be transferred to the secondary account, but which resulted in long term capital gains due to the cost basis instruction on the account of first in, first out. Glen Simmonds’ customer complaint was denied and, to date, the customer has not taken any further action.
Glen Simmonds Red Flags & Your Rights As An Investor
Of course, Glen Simmonds 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 Glen Simmonds at Wells Fargo Clearing Services on alert to review carefully the activity and performance of their accounts and question whether Glen Simmonds 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 firm’s 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 Glen Simmonds
If you have questions about Wells Fargo Clearing Services and/or Glen Simmonds 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.