Soreide Law Group comes to you with new information regarding securities broker Paul Warren Vizanko (CRD#: 2572222, Duluth, Minnesota). Evidently, a client of Wells Fargo (Vizanko’s employer from September 2015 to February 2021) disputed Vizanko’s sales practices. Additionally, FINRA barred Vizanko as a securities broker. Let’s take a closer look at the allegations against Vizanko and what you could do if you experienced losses.
Evidently, a client of Wells Fargo Advisors took issue with Paul Vizanko’s actions from 2015 to 2020. Notably, this ongoing August 2021 dispute contains allegations of Vizanko cashing checks provided to him for investing. It appears that Vizanko kept the client’s money for himself.
Notably, FINRA indefinitely barred Paul Vizanko as a securities broker in August 2021. It appears that FINRA asked Vizanko for information earlier in the year, but Vizanko did not respond to the requests. Evidently, in May 2021, FINRA suspended Vizanko as a securities broker, warning him of more invasive actions if he did not resolve the matter. Supposedly, Vizanko did not meet FINRA’s expectations by a deadline of August 29, 2021. For this reason, he cannot work as a securities broker for FINRA-member firms (most securities firms in the country).
It appears that FINRA’s inquiry of Paul Vizanko could have stemmed from Wells Fargo’s discharge of the securities broker in January 2021. Namely, Wells Fargo Clearing Services terminated Vizanko for allegedly borrowing from one client. Also, the firm mentioned that Vizanko stood accused of misappropriation from a different client. Supposedly, Vizanko was the beneficiary of that client’s trust and received a cash gift from them.
Evidently, securities broker Paul Vizanko denies allegations of sales practice violations. If you experienced investment losses by interacting with this broker, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Specifically, Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered compensation for many US clients who have experienced losses from their securities brokers and financial advisors.
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