DID RICHARD MICHAEL WESSELT CAUSE YOU INVESTMENT LOSSES?

Richard Wesselt Formerly With Fortune Financial Services, Inc. and The O.N. Equity Sales Company Has 28 Customer Complaints For Alleged Broker Misconduct

Who is Richard Wesselt formerly with Fortune Financial Services, Inc.?

Richard Wesselt (CRD #2195569) who was formerly registered with Fortune Financial Services, Inc. and located in Collegeville Pennsylvania, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Fortune Financial Services, Inc., Richard Wesselt was associated with The O.N. Equity Sales Company and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Richard Wesselt has had his own share of regulatory problems. He has been permanently barred by FINRA in connection with unsuitable recommendations that customers purchase variable annuity contracts. In addition, securities regulators in Maryland and Minnesota revoked his license.

Investment Losses? Let’s talk.

or, give us a ring at (800) 732-2889.

Richard Wesselt Customer Complaints

Richard Wesselt has been the subject of 28 customer complaints that we know about to recover investment losses. Seventeen for the customer complaints were settled by the financial adviser’s former employers in favor of the investors. Four of the customer complaints were denied by the brokerage firms and the customers took no further action to date. There are currently 7 arbitration proceedings and civil court actions still pending.

Allegations Against Richard Wesselt

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

• Unsuitable recommendations of life Insurance products.
• Unsuitable investment recommendations and misrepresentations and/or omissions concerning variable annuities and insurance products.
• Recommendation of an unsuitable investment strategy.
• Overselling of life insurance.
• Negligent representations relating to life insurance.
• Misrepresentation of life insurance as a means to build wealth for retirement and college funding.

Richard Wesselt Red Flags & Your Rights As An Investor

Of course, Richard Wesselt 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 Richard Wesselt at Fortune Financial Services, Inc. and The O.N. Equity Sales Company on alert to review carefully the activity and performance of their accounts and question whether Richard Wesselt has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Fortune Financial Services, Inc. and The O.N. Equity Sales Company 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?

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 Fortune Financial Services, Inc. Due To Richard Wesselt

If you have questions about Fortune Financial Services, Inc. and/or Richard Wesselt 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.

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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