Investors might have sustained losses due to securities broker Zachary Andrew Harless (also known as Zack Harless) [CRD: 5525364, Manteca, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Zachary Harless has worked for Wells Fargo Clearing Services LLC since July 22, 2013, and for Wells Fargo Advisors since July 23, 2013. Investors are encouraged to continue reading to learn more about the client disputes and disclosures involving this securities broker.
Evidently, a client filed a complaint about Zachary Harless. Primarily, the client alleged that Harless made unsuitable recommendations related to asset allocation that was not appropriate for the account owners’ age bracket. Because of this, the client allegedly sustained damages connected to mutual funds. Consequently, on June 7, 2024, Wells Fargo Advisors settled this matter by paying the client $24,098.46 in damages.
Specifically, a client of Wells Fargo Advisors contested Harless’s sales practices, according to a complaint. Allegedly, Harless made misrepresentations regarding the security of the account value. It appears that Harless caused the client to experience damages relating to mutual funds. Therefore, Wells Fargo Advisors opted to settle the matter on August 17, 2022, by compensating the client in the amount of $16,797.02.
Particularly, on October 3, 2016, a BBVA Compass Investment Solutions Inc. client filed a complaint about Zachary Harless. Mainly, the client alleged that Harless put income riders on variable annuity contracts that the client did not seek. For this reason, the client allegedly experienced damages linked to variable annuities. As a result, the client requested $6,500 in compensation from BBVA Compass Investment Solutions Inc. or Harless. The complaint was closed with no action on October 27, 2016.
Do you need clarification on any investment losses relating to Zachary Harless? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for clients located throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Harless and brokerage firms Harless worked for deny allegations of sales practice violations.
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