Soreide Law Group has learned of possible investor claims against securities broker Robert John Palatella (CRD: 1492207, La Jolla, California). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Wells Fargo Clearing Services LLC. Evidently, investors allege sales practice violations in these disputes, including that Palatella failed to follow instructions. Here is a brief summary of the disclosures about Palatella.
Palatella Discloses Failure To Follow Instructions Allegations By Wells Fargo Clearing Services LLC Client
Also, a client of Wells Fargo Clearing Services LLC contested Robert Palatella’s sales practices, according to a complaint. Allegedly, Palatella failed to follow instructions. Supposedly, Palatella possibly caused the client to sustain damages on mutual funds. Therefore, Wells Fargo Clearing Services LLC opted to settle the matter on May 19, 2022, by compensating the client in the amount of $27,372.18.
Prudential Securities Inc. Investor Accuses Robert Palatella Of Excessive Trading
Also, a client of Prudential Securities Inc. contested Robert Palatella’s sales practices, according to a complaint dated October 20, 2004. Allegedly, Palatella engaged in excessive trading and failed to follow instructions. Supposedly, Palatella possibly caused the client to sustain damages on equities. Therefore, the client requested compensation from Prudential Securities Inc. or Palatella in the amount of $200,000. However, the securities firm denied the complaint.
- Palatella started working for Wells Fargo Clearing Services LLC on August 4, 2017.
Did Wells Fargo Clearing Services LLC Securities Broker Robert Palatella Cause You To Experience Damages?
Did you suffer damages because of Robert Palatella? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Palatella and brokerage firms Palatella worked for deny all allegations of sales practice violations.
