Wells Fargo Blamed For Disregarding Investor Instructions
Kery Shane Hutner of Chagrin Falls Ohio a stockbroker registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on June 11, 2018 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that between October 23, 2012 and May 24, 2018, the customer’s funds were not invested in mutual funds according to the customer’s instructions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that Hutner has been subject of two regulatory actions supported by allegations of his misconduct in the securities industry. In particular, Hutner was censured and suspended by New York Stock Exchange (NYSE) according to a Decision containing findings that while Hutner was associated with Dean Witter Reynolds Inc., Hutner, inter alia, caused a check to be drawn from a customer’s account and directed to Hutner’s address; engaged in an unauthorized profit sharing agreement with the customer; and failed to inform the firm about the nature of his ownership in a securities account.
Thereafter, Hutner’s securities registration in the State of Illinois was denied in part based on a Notice of Hearing that the State of Illinois issued to Hutner in reference to NYSE’s sanctions against Hutner for engaging in violative conduct.
FINRA Public Disclosure also confirms that Hutner was discharged by Dean Witter Reynolds Inc. founded on accusations of Hutner’s check mishandling. Hutner has been employed by Wells Fargo Clearing Services LLC since December 16, 1999.