A Wells Fargo Advisors investment adviser was sentenced to a two-year federal prison March 4th., 2013, for his role in an investment scheme in which he stole nearly $1 million in profits from trades executed on his clients' behalf.
Philip D. Horn, 51, a former managing director at the Westwood Village branch office of Wells Fargo Advisors (WFA) and formerly a licensed securities broker, pleaded guilty last September to a pair of wire fraud counts. Listed on FINRA's BrokerCheck, Philip D. Horn's CRD# 2238037 was employed by WELLS FARGO ADVISORS, LLC, CRD# 19616, LOS ANGELES, CA, from 02/2006 - 10/2011 .
In an article from City News Service, we learn that Horn admitted that he engaged in a scheme in which he obtained more than $730,000 through a series of trades that were executed in the accounts of clients that he managed and, if the trades proved to be profitable, were fraudulently "corrected" to remove the trades from the clients' accounts and "re-billed" to Horn's own accounts, prosecutors said. There were also other types of phony "correction" orders, including transferring unprofitable trades in his own account to the accounts of customers, court papers show. Horn executed the fake orders between April 2009 and October 2011, when he was fired by WFA.
Call and speak to a lawyer, at no cost, if you were a client of Philip D. Horn of Wells Fargo Advisors. Soreide Law Group, PLLC, represents investors nationwide before the Financial Industry Regulatory Authority (FINRA) and can be reached at 888-760-6552.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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