DID JOHN JOSEPH PASACRETA JR CAUSE YOU INVESTMENT LOSSES?
John Pasacreta Jr Of Wells Fargo Clearing Services, LLC Has 4 Customer Complaints For Alleged Broker Misconduct
About John Pasacreta Jr of Wells Fargo Clearing Services, LLC?
John Pasacreta Jr (CRD #2398487) currently registered with Wells Fargo Advisors in Greenwich, CT, has a tarnished record marked by multiple customer disputes and a history of shifting firm affiliations. Pasacreta has been registered since April 29, 2016, with Wells Fargo, after a stint with Morgan Stanley and several other firms, suggesting a potentially unstable career trajectory. He is licensed in 28 U.S. states and territories and has passed 2 general industry/product exams and 2 multi-state securities law exams. Despite these qualifications, the frequency of customer disputes raises serious concerns about the reliability and standards of his practice.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Pasacreta Jr Customer Complaints and Reviews
- Customer Dispute (Settled)
- Date Filed: August 6, 2009
- Allegations: Misrepresentation and unsuitable investments in GMAC bonds and stock.
- Outcome: Settled for $6,000 on December 20, 2010, though Pasacreta contributed $0 to the settlement, indicating a possible avoidance of personal accountability.
- Customer Dispute (Denied)
- Date Filed: October 26, 2021
- Allegations: Advised investments not suitable for the client’s age and objectives.
- Outcome: Denied on December 2, 2021, with no action taken, suggesting either a baseless claim or an effective defense by Pasacreta.
- Customer Dispute (Pending)
- Date Filed: April 2, 2024
- Allegations: Unsuitable recommendation made in 2018 leading to losses.
- Current Status: Arbitration pending with the claimant seeking at least $100,000 in damages, highlighting ongoing concerns about Pasacreta’s investment strategies.
Allegations Against John Pasacreta Jr
- Misrepresentation and Unsuitable Investments: Pasacreta has been accused of failing to align investment recommendations with clients’ financial profiles and risk tolerance, leading to misrepresentations and unsuitable investment advice.
- Pending Legal Action: He is currently facing serious allegations in a pending arbitration related to unsuitable investment recommendations that purportedly resulted in significant losses for a client.
These sections outline a career that, while extensive and broadly licensed, is significantly beset by accusations of poor practice and questionable judgment.
John Pasacreta Jr Red Flags & Your Rights As An Investor
Of course, John Pasacreta Jr 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 John Pasacreta Jr at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether John Pasacreta Jr has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Clearing Services, LLC 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.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services, LLC Due To John Pasacreta Jr
If you have questions about Wells Fargo Clearing Services, LLC and/or John Pasacreta Jr 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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