Arbitration Award Against Wells Fargo Advisors Regarding Advisor Jeff Wilson
In Pryor v. Wells Fargo Advisors, a claimant brought claims against Wells Fargo Advisors, LLC, regarding the conduct of financial advisor Jeff R. Wilson from Las Cruces, New Mexico. The claimant alleged fraud, negligent misrepresentation, breach of fiduciary duty, negligent supervision, and violations of securities laws in connection with the sale of investments in energy and housing investments.
The case proceeded in FINRA Arbitration (Financial Industry Regulatory Authority) before three arbitrators with a hearing venue in Albuquerque, New Mexico. The arbitrators found that Wells Fargo Advisors was liable and ordered them to pay the Claimant $357,000 plus interest. The award was featured in investmentnews.com.
Jeff R. Wilson is a financial advisor and registered representative of Wells Fargo Advisors from May 2014 to the present. He has worked at branch offices in Las Cruces, New Mexico. Jeff Wilson has been the subject of two other customer complaints.
Brokerage firms like Wells Fargo Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including numerous investors in New Mexico and throughout the Albuquerque area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Wells Fargo Advisors.
Click to view: Wilson, Jeff BrokerCheck 3.15.17
Click to view: Pryor v. Wells Fargo Arbitration Award
If You Lost Money With Advisor Jeff S. Wilson, Please Contact Us At (720) 599-3505 For A Free Evaluation Of Your Case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.