Robert Ellsworth McMann of Lake Mary Florida stockbroker or supervisor currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on October 16, 2018 in which the customer requested more than $5,000.00 in damages supported by allegations that funds were inappropriately taken from the customer’s tax-qualified annuity and placed into a non-qualified fee-based investment account subjecting the customer to unwarranted tax consequences.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that McMann has been identified in five additional customer initiated investment related disputes containing accusations of his misconduct while employed with Citigroup Global Markets Inc. and Salomon Smith Barney. In particular, on October 2, 2001, a customer filed an investment related complaint concerning McMann’s conduct where the customer sought damages estimated to exceed $5,000.00 founded on allegations that while McMann was employed by Salomon Smith Barney, the customer was poorly advised in regard to a risky investment, World Commerce Online, causing the customer to sustain catastrophic losses.

Subsequently, on September 9, 2005, a customer filed an investment related complaint regarding McMann’s activities in which the customer requested $30,000.00 in damages based upon accusations that the customer’s investment account was over-concentrated in speculative over-the-counter equities while McMann was associated with Citigroup. Then, on September 26, 2008, a customer filed an investment related complaint involving McMann’s conduct where the customer sought damages estimated to exceed $5,000.00 supported by allegations that misrepresentations had been made to the customer concerning asset-backed debt investments held in the customer’s investment account.

On December 11, 2008, another customer filed an investment related complaint concerning McMann’s activities in which the customer requested unspecified damages founded on accusations that false or misleading statements had been made to the customer, leading the customer to believe that the customer’s principal in bond investments were guaranteed and government-backed. Thereafter, a customer initiated investment related arbitration claim concerning McMann’s conduct was settled for $50,000.00 in damages based upon allegations that risks of mortgage bonds purchased for the customer’s account had been misrepresented. FINRA Arbitration No. 09-03502 (May 31, 2011).

McMann has been registered with Wells Fargo Clearing Services LLC since May 15, 2013.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source. Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to [email protected].

This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
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