There are options for clients of former Barclays Capital Inc. broker Tony Esses (CRD# 4643285) who suffered investment losses. Esses has been registered with Wells Fargo Clearing Services, LLC in Miami, Florida since 2014.
Esses has been the subject of one customer complaint, according to his CRD report:
June 2020. “Arbitration: Claimant alleges that due to the FA negligence, at least $2,345,898.00 was fraudulently transferred from the Claimant’s accounts to accounts in an unrelated outside third party’s name. Litigation: Plaintiff alleges that contrary to their fiduciary duties of care, loyalty, good faith and disclosure, the FA and his wife assisted an unrelated outside third party hired by Plaintiff in misappropriating Plaintiff’s funds.” The case is currently pending. The complaint took place while Esses was registered with Barclays Capital Inc.
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, Barclays Capital Inc. may be liable for investment or other losses suffered by Esses’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.