Soreide Law Group is evaluating investor claims gainst Wells Fargo and its financial advisor Bryan Benson (CRD# 807506, Tucson, Arizona). Namely, this securities broker, who joined Wells Fargo Clearing Services’ Tucson, Arizona offices in 2007, engaged in activities which led at least two clients to bring formal investment disputes. Here’s a summary of the allegations against Benson:
Wells Fargo Client Brings Arbitration Claim Indicating Bryan Benson Made Bad Stock Trades
FINRA BrokerCheck shows that a client of Wells Fargo brought FINRA Arbitration #: 18-04364 on January 2, 2019. Namely, the client contended that Bryan Benson unreasonably and inappropriately traded common stocks and preferred stocks. It appears that Benson failed to consider the client’s goals, risk tolerance or other suitability criteria when making trades. As a result, the client demanded $218,257 in damages in this pending matter.
Client of Wells Fargo Indicates Benson Sold Bad Direct Investments
Benson disclosed that a second client filed a formal complaint with Wells Fargo on April 20, 2017. Like the other client, this client indicated that Benson sold unsuitable investments. However, this time Benson allegedly effectuated a direct investment purchase. It is possible Benson sold DPP or LP interests which did not match the client’s goals, risk tolerance or liquidity needs. All things considered, on June 29, 2017, Wells Fargo opted to settle the matter by providing the client $415,000 in compensation.
Losses From Bryan Benson?
Have you sustained losses by investing in alternative investments and stocks through Morgan Stanley securities broker Bryan Benson? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.