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Have You Suffered Losses Due to Recommendations by Wells Fargo Clearing Services, LLC Broker Jeffrey Eiler?

Posted on Tuesday, March 3rd, 2020 at 9:56 am    

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There are options for clients of Wells Fargo Clearing Services, LLC broker Jeffrey Eiler (CRD# 1028716) who suffered investment losses. Eiler has been registered with Wells Fargo Clearing Services, LLC in Fort Lauderdale, Florida since 2006.

Eiler has been the subject of 12 customer complaints between 1995 and 2018, according to his CRD report. Recent complaints are regarding:

October 2018. “Claimant alleges in or about June of 2012, portfolio was over-concentrated in an unsuitable bond fund.” The case was settled for $135,000. The case was regarding mutual fund losses.

May 2017. “Claimant allege in 2008-2015 FA over-concentrated her portfolio in unsuitable investments.” The case was settled for $80,000. The case was regarding common and preferred stocks.

February 2017. “Clients allege FA recommended unsuitable investments. (01/01/2011-02/23/2016).” The customer sought $40,000 in damages and the case was settled for $20,000. The case was regarding common and preferred stocks.

November 2016. “Claimant alleges that from 2010 to January 2016, FA recommended unsuitable investments.” The customer sought $20,000 in damages and the case was settled for $14,999.

July 2016. “Claimants allege from 2006 to 2016 FA made unsuitable investment recommendations.” The case was settled for $50,000.

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 may be liable for investment or other losses suffered by Eiler’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.