Investors Sue Wells Fargo For Bad Investments
Jerry Duane Holdsworth of Lincoln Nebraska a stockbroker currently registered with Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 in damages founded on accusations that (1) Holdsworth effected stock trades in the customer’s account that were not suitable for the customer and (2) Holdsworth failed to diversify the customer’s investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-00841 (June 4, 2018).
FINRA Public Disclosure additionally confirms that on August 27, 2008, a customer filed an investment related complaint regarding Holdsworth’s conduct where the customer sought unspecified damages based upon allegations that while Holdsworth was employed by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Holdsworth made investment recommendations to the customer that were in no way suitable for the customer, and failed to inform the customer about the fees for investing in a variable annuity.
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