David Lee Todd Investigation
June 2023-Peoria, AZ
According to publicly available records David Lee Todd a Wells Fargo Clearing Services broker, discloses a pending customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In FINRA case #22-01929, a Wells Fargo Clearing Services customer alleges the Todd made unsuitable investment recommendations beginning in or about November 2020 and is seeking an unspecified amount between $100,000 and $500,000.
Todd has been employed by Wells Fargo Clearing Services since 2/2011. Before that time he was with Morgan Stanley Smith Barney and Citigroup Global Markets.
If you have suffered losses in an account handled by David Lee Todd contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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