Customer Alleges Misrepresentation By Wells Fargo’s Jason Freeman

Jason Marc Freeman (CRD#: 2339472, Boca Raton, Florida) has been a registered representative of Wells Fargo Clearing Services, LLC since March 20, 2009. Financial Industry Regulatory Authority (“FINRA”) BrokerCheck discloses that a Wells Fargo customer complained about Freeman’s conduct.

Wells Fargo Customer Alleged Misrepresentation

The customer filed the complaint on October 24, 2017. According to the customer, Freeman failed to inform the customer that the customer would not be paid dividends on investments when an investment purchase was terminated on October 5, 2017. The customer apparently should have received dividends based on the time that the customer invested in mutual funds. The customer requested $6,080.00 in damages as a result of the alleged misconduct. Wells Fargo Advisors denied the customer’s complaint on March 2, 2018.
Freeman has disclosed on FINRA BrokerCheck that at least three other Wells Fargo Advisors and Banc of America Investment Services, Inc. customers have filed disputes about Freeman’s misconduct. The customers have claimed misrepresentation, unauthorized trading, and unsuitable trading. A summary of those disputes is contained below:
1) On August 29, 2007, a Banc of America Investment Services, Inc. customer filed a complaint concerning Freeman’s misconduct when Freeman was the customer’s financial advisor. The customer alleged that Freeman misrepresented risks of investing in Eaton Vance Floating Rate Fund Advisors Class. The customer also alleged that Freeman never contacted the customer after her mutual funds began to decline in value. The customer requested $46,750.00 in damages as a result of Freeman’s apparent misrepresentation. The complaint was closed on October 11, 2017.
2) On November 6, 2009, a customer of Banc of America Investment Services, Inc. complained about Freeman. The customer stated that between January 2008 and March 2009, Freeman made unauthorized trades in the customer’s account. The customer requested $1,000,000.00 in damages based on Freeman’s unapproved stock trading. Banc of America Investment Services, Inc. denied the allegations on December 3, 2009.
3) A Wells Fargo Advisors, LLC customer filed an arbitration on September 17, 2012. The customer alleged that the financial advisor engaged in unsuitable trading. (FINRA Arbitration # 12-03206). The customer claimed that Freeman should not have selected options investments for the customer’s account because they were not suitable for the customer. In total, the customer alleged $368,000.00 in damages as a result of Freeman’s inappropriate trading in the customer’s investment account. The customer agreed to settle the arbitration for $100,000.00 in damages on October 25, 2013.
Before Freeman worked at Wells Fargo Clearing Services, LLC, he was associated with Lehman Brothers Inc., Salomon Brothers Inc., Citigroup Global Markets Inc., and Banc of America Investment Services, Inc. Freeman is currently licensed as a general securities representative, which is often referred to as a stockbroker.

Have you suffered losses by investing with Jason Marc Freeman or another broker that sold you investments that were misrepresented, unsuitable or unauthorized? If you have, please call (888) 760-6552 for a free consultation with Soreide Law Group’s experienced counsel. Our firm has recovered millions of dollars for investors who have been victim to broker and brokerage firm misconduct. We represent clients on a contingency fee basis and advance all costs.