Wells Fargo Dispute Involving Steven Hill

Soreide Law Group is investigating potential claims for investors who have sustained losses attributed to Steven Andrew Hill (also known as Andy Hill) [CRD: 4606358, Atwater, California]. Hill has been registered with Wells Fargo Clearing Services LLC since January 3, 2011. He faces several investor allegations, including misrepresentation and unauthorized investments. By reading further, you'll find more information regarding these disclosures.

Misrepresentation Allegations At Wells Fargo Clearing Services LLC

A client initiated FINRA Arbitration No. 23-01562 against Steven Andrew Hill on May 30, 2023. The investor accused Hill of misrepresenting structured CDs in 2019, allegedly motivated by a desire for higher commissions. The claimants are pursuing compensatory damages of approximately $150,000, with the arbitration currently in progress.

Investor Complaints Against Steven Andrew Hill

A Wells Fargo Advisors LLC client lodged a complaint on March 8, 2023, alleging that Hill misrepresented the safety of investments in UITs between 2022 and 2023. However, this complaint was ultimately denied on May 23, 2023.

Claims Of Misrepresentation In Investment Products

Also, a Wells Fargo client filed a complaint on October 16, 2016, asserting that investments made by Hill deviated from the client's preference for safe, principal-protected investments. The client contended that the CDs invested in were unsuitable and misrepresented as risk-free. The alleged damages were $10,000, and the firm denied the claim on March 20, 2017.

Unauthorized Transactions Allegations

On October 13, 2011, Wells Fargo Advisors LLC clients filed a complaint against Steven Andrew Hill. Namely, the clients claimed unauthorized insurance transactions and omissions about a MLCD purchased on April 27, 2011. This complaint was also denied by the firm on November 8, 2011.

Unauthorized Bond Purchases Settlement At WAMU Investments Inc.

During Hill's tenure at WAMU Investments Inc., a client filed a complaint involving unauthorized bond purchases. The client alleged that their account's address was altered, and several bonds were bought without consent in June 2007. Although the damages weren't initially specified, WAMU Investments Inc. settled the matter for $89,599.93 on March 12, 2009.

Pursuing Recovery For Losses Linked To Steven Andrew Hill

For those who have experienced losses due to Steven Andrew Hill's actions, Soreide Law Group is available for consultation. Contact them online or at (888) 760-6552 to discuss the possibility of recuperating your investment losses. Operating on a contingency fee basis, Soreide Law Group is dedicated to assisting investors across the U.S. Despite the claims, Hill and his employers, including Wells Fargo Clearing Services LLC, deny allegations of sales practice violations.