Can I recover losses from investments with Wells Fargo Clearing Services, LLC broker Thomas Brandstater (CRD# 6140680) who is accused of investment fraud? He has been registered with Wells Fargo Clearing Services, LLC in Nashville, Tennessee since 2013.
Thomas Brandstater Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2022. “Client complains that Financial Advisor did not act upon requests for 5% stop orders, tax loss harvest requests and instructions concerning the buy/sell of an equity. (11/25/2021-1/21/2022).” The case is currently pending. The complaint was regarding a self-directed fee based account.
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 Clearing Services, LLC may be liable for investment or other losses suffered by Thomas Brandstater’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.