DID PAUL PORTER CAUSE YOU INVESTMENT LOSSES?
Paul Porter Of Wells Fargo Clearing Services, LLC Has 4 Customer Complaints For Alleged Broker Misconduct
Who is Paul Porter of Wells Fargo Clearing Services, LLC?
Paul Porter (CRD #4327476) who is currently registered with Wells Fargo Clearing Services, LLC and located in West Chester, Pennsylvania is a subject of one of our many securities industry sales practice abuse investigations.
Paul Porter Customer Complaints
Paul Porter has been the subject of 4 customer complaints that we know about. Two of Paul Porter’s 4 customer complaints were settled in favor of investors. Two of Paul Porter’s customers’ complaints were denied and, to date, the customers have not taken any further action.
Allegations Against Paul Porter
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged Paul Porter failed to move investments to cash when requested.
- Client verbally alleged stock was sold without her knowledge after she explicitly told Paul Porter she never wanted to sell unless she made the decision.
- Client’s attorney alleged Paul Porter’s investments were unsuitable. Arbitration allegations: Claimant brought forth allegations of misrepresentation, suitability, negligence, breach of fiduciary duty and fraud against Paul Porter for investments made in his accounts. Claimant sought compensatory damages as well as punitive damages.
- The client alleged that Paul Porter’s purchase of Fannie Mae was not authorized.
Paul Porter Red Flags & Your Rights As An Investor
Of course, Paul Porter 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 Paul Porter at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Paul Porter 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.
File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services, LLC Due To Paul Porter
If you have questions about Wells Fargo Clearing Services, LLC and/or Paul Porter 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.