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Peter Ianace Formerly With Wells Fargo Clearing Services, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Peter Ianace formerly with Wells Fargo Clearing Services, LLC?

Peter Ianace

Peter Ianace (CRD #3238078) who was formerly registered with Wells Fargo Clearing Services, LLC and located in Plano, Texas, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Wells Fargo Clearing Services, LLC, Peter Ianace was associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Peter Ianace has had his own regulatory problems. In 2020, he refused to cooperate with FINRA into one of its investigations related to his customers’ accounts. Consequently, he was permanently barred from any further association with any FINRA member firm in any capacity in the future.

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Peter Ianace Customer Complaints

Peter Ianace has been the subject of 4 customer complaints that we know about to recover investment losses. Three of the customer complaints were settled by the advisors former employers in favor of the investors. AG Edwards and Sons denied the other customer complaint and no further action was taken.

Allegations Against Peter Ianace

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendations and failure to disclose material facts.
  • Negligence, breach of industry standards, breach of fiduciary duty and of the claims related to common and preferred stock transactions in customer’s account.
  • Unsuitable investment recommendations and negligence in the failure to reduce positions and margin overconcentrated and overleveraged account.
  • Misrepresentations and unsuitable investment recommendations.

Peter Ianace Red Flags & Your Rights As An Investor

Of course, Peter Ianace 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 Peter Ianace at Wells Fargo Clearing Services, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Peter Ianace 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 and Merrill Lynch, Pierce, Fenner & Smith Incorporated 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?

best investment fraud lawyers

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 Peter Ianace

If you have questions about Wells Fargo Clearing Services, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Peter Ianace 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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