John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Soreide Law Group has come across the FINRA BrokerCheck profile of securities broker Nelson Michael Polun (CRD#: 365420, Bel Air, Maryland), and it shows some concerning information. Specifically, FINRA removed Polun as a securities broker per a February 2021 bar. Not only that, but investors disputed his actions as securities broker. Here’s more on these disclosures.
Notably, in February 2021, FINRA permanently barred Nelson Polun as securities broker. This means that he can’t be a securities broker with any securities firm who is a member of FINRA. He can’t undertake certain other actions with FINRA member securities firms either. This decision comes as a result of Polun failing to respond to a request for information. It appears that the regulator requested the information in 2020 but was unsuccessful in getting Polun to cooperate.
Evidently, in a second incident reported on BrokerCheck, FINRA suspended Polun for noncompliance. Wells Fargo Clearing Services discharged him in July 2019.
Apparently, a Wells Fargo Advisors client disputed Nelson Polun’s actions. Specifically, the client brought this dispute in 2017 regarding Polun’s disclosures on stock trades. The client alleged misrepresentation in connection with the client’s stock transactions. Apparently, Wells Fargo opted to settle this matter through making a payment to the client in March 2017.
In a former dispute about Nelson Polun, a Prudential Securities Incorporated client alleged unauthorized trading. It appears that Prudential settled this matter through making an $18,000 payment to the client.
Did you suffer losses because of broker Nelson Polun? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have incurred losses because of their financial advisors and securities brokers. Please note that Polun denies all allegations of his sales practice violations.
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John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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