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John Rotando Of Wells Fargo Clearing Services, LLC Has 3 Customer Complaints For Alleged Broker Misconduct

About John Rotando of Wells Fargo Clearing Services, LLC?

John Rotando

John Rotando (CRD #2071444) has experienced a career laden with controversy and customer dissatisfaction, raising concerns about his suitability as a financial advisor. Currently registered with Wells Fargo Advisors in Greenwich, CT, since April 29, 2016, Rotando has moved through various firms, hinting at potential instability or discontent. His career, spanning 30 U.S. states and territories, has been characterized by repeated accusations of misconduct. Rotando has passed 1 principal/supervisory exam and 2 general industry/product exams, but his qualifications are overshadowed by the recurrent disputes and allegations against him.

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John Rotando Customer Complaints and Reviews

  • Customer Dispute (Settled)
  • Date Filed: October 18, 2012
  • Allegations: Unsuitable investment recommendations and misrepresentation, involving equity and closed-end funds.
  • Outcome: Settled for $40,000 on August 16, 2013, with no contribution from Rotando, suggesting a resolution without personal accountability.
  • Customer Dispute (Settled)
  • Date Filed: August 9, 2001
  • Allegations: Unsuitable recommendations concerning Munder funds, which were claimed to be inappropriate for the clients.
  • Outcome: Settled for $8,000 on July 1, 2002, where Rotando denied wrongdoing but agreed to settle to avoid legal costs, further indicating problematic advisory practices.
  • Customer Dispute (Pending)
  • Date Filed: April 2, 2024
  • Allegations: In 2018, Rotando made an unsuitable recommendation that led to significant losses.
  • Current Status: Arbitration is pending with the claimant seeking at least $100,000 in compensatory damages, underlining ongoing legal challenges and client dissatisfaction.

Allegations Against John Rotando

  • Unsuitable Investment Recommendations: Rotando has been repeatedly accused of recommending financial products that were not aligned with his clients’ risk profiles or investment objectives.
  • Misrepresentation: There have been claims that Rotando misrepresented the nature or suitability of investments, potentially misleading clients about the risks and suitability of the recommended securities.
  • Legal and Arbitration Proceedings: Rotando’s career is punctuated by legal disputes and FINRA arbitrations, reflecting a pattern of conduct that has led to significant client grievances and financial settlements.

These sections underline the critical issues surrounding John George Rotando’s brokerage practice.

John Rotando Red Flags & Your Rights As An Investor

Of course, John Rotando 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 Rotando at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether John Rotando 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 firms’ 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?

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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.

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File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services, LLC Due To John Rotando

 If you have questions about Wells Fargo Clearing Services, LLC and/or John Rotando 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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