FINRA Bars Wells Fargo Stockbroker In Investigation
Kevin Fredrick Williams of San Diego California a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to cooperate with FINRA’s request for his information. Case No. 2019062134601 (May 26, 2020).
According to FINRA Public Disclosure, on February 28, 2019, Williams was discharged by Wells Fargo Clearing Services founded on accusations of him entering into outside business activities concerning real estate properties. The securities broker dealer indicated that a customer entered into a transaction with Williams in regard to one of his properties.
Williams was asked by FINRA personnel for information following his termination from Wells Fargo Clearing Services. The stockbroker’s failure to comply resulted in his suspension on March 23, 2020. Williams was provided an opportunity to resolve this suspension but he failed to comply by the May 25, 2020 deadline. He was automatically barred on May 26, 2020.