Investors Accuse Wells Fargo Of ETF Misconduct

Byron Del Piro of Bellevue Washington a stockbroker currently employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on January 31, 2018 where the customer sought $73,000.00 in damages supported by accusations that between September of 2013 and January of 2018: (1) exchange traded fund recommendations failed to be appropriate and (2) the customer’s directives were not followed which led the customer to experience unwarranted losses.

This is not the first time that Piro has been referenced in a customer dispute concerning his misconduct in the securities industry. In particular, Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer filed an investment related complaint concerning Piro’s conduct in which the customer requested unspecified damages founded on allegations that during the time that Piro was associated with Citigroup Global Markets Inc., trades placed in the customer’s managed account failed to be suitable given the customer’s objectives for investing, tolerance for risk or overall circumstances.