Erez Law is currently investigating former Wells Fargo Advisors, LLC broker Francesco Traina (CRD# 5025477) regarding unauthorized trading. He has been registered with Raymond James Financial Services, Inc. in Miami, Florida, since 2016. He was registered with Wells Fargo Advisors, LLC in Miami, Florida, from 2011 to 2016.
Francesco Traina Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
January 2025. “Plaintiff alleges in 2015, the FA opened an unauthorized account under the Plaintiff’s company name.” The customer is seeking $20,000,000 in damages, and the case is currently pending. The complaint took place while he was registered with Wells Fargo Advisors, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Wells Fargo Advisors, LLC may be liable for investment or other losses suffered by Francesco Traina’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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