Wells Fargo Sued By Customer For Excessive Trading
Richard Dell Dunagan of Austin Texas a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $261,521.05 in damages founded on allegations that trades were executed in the customer’s account on an excessive and unsuitable basis from 2007 to 2016. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02604 (Nov. 1, 2017)
FINRA Public Disclosure additionally confirms that on May 17, 2001, a customer filed an investment related complaint involving Dunagan’s conduct in which the customer requested $350,000.00 in damages supported by accusations that the customer’s instructions concerning stock transactions were not followed during the time that Dunagan was employed by Salomon Smith Barney Inc.
Dunagan’s registration with Wells Fargo Advisors, LLC was terminated as of September 7, 2016. Since September 2, 2016, he has been registered with Ameriprise Financial Services, Inc.
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