Patrick Claude Robert Guinet, of Irvine, California, a stockbroker formerly registered with Wells Fargo Clearing Services, is the subject of a customer initiated investment related arbitration claim, which settled on June 5, 2017, for $4,954.14 in damages supported by allegations that the customer’s wrap account fund reallocation instructions were not executed between January 1, 2017, and May 26, 2017.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Guinet has been subject of two additional customer initiated investment related disputes pertaining to allegations of Guinet’s misconduct during the time he was associated with Prudential Securities Incorporated and Wells Fargo Advisors, LLC.

In particular, on January 10, 2003, a customer filed an investment related written complaint involving Guinet’s conduct supported by allegations that Guinet effected options on margin despite failing to first gain the customer’s consent, and failed to exercise the customer’s stock option. Subsequently, on March 9, 2010, a customer filed an investment related written complaint regarding Guinet’s activities, in which the customer sought $17,741.00 in damages supported by allegations that Guinet effected unsuitable leveraged exchange traded funds transactions in the customer’s account.

Guiliano Law Firm

Our practice is limited to the representation of investors. We accept representation 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 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

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