Were You a Client of of Former Wells Fargo Clearing Services of Irvine, California broker, Charles Frieda?

Soreide Law Group has been contacted by a former client of:
CHARLES HENRY FRIEDA CRD#: 5502319
This particular client was complaining of:  excessive and frequent options trading generating large commissions, and high risk oil and gas investments.
According to FINRA’s BrokerCheck, which is available to the public on FINRA’s website, Charles Frieda has an unbelievable 51 Disclosures, all of which are listed as “Customer Disputes.”  Charles Frieda is no longer registered, but had only been registered for 9 years and was listed with 3 firms, yet still managed to have 51 Customer Disputes against him.
Listed among the many allegations in the 51 Customer Disputes were many allegations of over-concentration in oil and gas investments, unsuitability and inappropriate investments for a conservative, low-risk portfolios.  Clients also complained of speculative trading in high risk energy stocks, and failure to use techniques to stop loss.  A client alleged that a non-discretionary account was traded without the client’s consent and that the portfolio mix was not the investment strategy that was described.  Also, allegations of unsuitable recommendations were made with respect to retirement accounts.
Charles Frieda was with Wells Fargo Clearing Services, LLC in Irvine, California from 2012 until September of 2017.  According to FINRA’s BrokerCheck,  of the 51 claims that were filed during Charles Frieda’s employment with Wells Fargo, 1 was withdrawn, and two are pending. Of the claims settled by Wells Fargo, the largest settlements were listed as: $850,000, $575,000, $490,000, and $275,000.
Charles Frieda’s most recent firms were:
0/05/2012 - 09/20/2017  WELLS FARGO CLEARING SERVICES, LLC - IRVINE, CA
06/01/2009 - 10/24/2012  MORGAN STANLEY - BREA, CA
If you were a client of former Wells Fargo Clearing Services of Irvine, California broker, Charles Frieda, you may be able to recover your investment losses from Wells Fargo Clearing Services, due to lack of supervision, and/or other possible reasons.  Call Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationwide before FINRA.