Last Updated: May 2025 – Florham Park, NJ
Here’s what you need to know about Florham Park, NJ, stockbroker Allen H. Wilson:
- Name: Mr. Allen H. Wilson
- CRD Number: 2420229
- Current Employer: Wells Fargo Advisors / Wells Fargo Clearing Services, LLC
- Function: Stockbroker / Registered Investment Advisor
- Aliases: Allen Wilson
- Prior Employers: Stifel, Nicolaus & Company, Inc.; Ryan Beck & Co.; J.B. Hanauer & Co.; Chatfield Dean & Co.
- Sanctioned by FINRA: No
- Highest Settlement or Award: $225,000
If you’ve sustained damages from Mr. Wilson, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money with Allen H. Wilson as Your Stockbroker?
Three recent complaints by customers of Wells Fargo involving Allen H. Wilson resulted in substantial settlements:
- 10/18/2024- a customer was paid $225,000 to resolve allegations that Mr. Wilson overconcentrated the portfolio in listed equities.
- 5/15/2024- a customer was paid $250,000 to resolve allegations that Wilson made unsuitable investment recommendations which were inappropriate for their risk tolerance and investment strategy.
- 6/22/2023 -Another customer was paid $70,000 to resolve allegations that Wilson recommended an unsuitable investment in preferred bank shares.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090) Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Wilson has been sanctioned by the Florida Department of Insurance and the State of New Jersey Department of Banking and Insurance.
Allegations of Broker Misconduct Against Allen H. Wilson
Customers of Wilson have alleged the following wrongdoing:
- Overconcentration of Portfolio
- Unsuitable Recommendations
Investigations involving Over-Concentration
Recover Your Investment Losses Now With Rex Securities Law
Investigations involving other Wells Fargo brokers
If you have suffered investment losses in an account handled by Allen H. Wilson, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.