Update: FINRA Investigates Ex-Wells Fargo Rep David Manor
Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 23, 2019 indicate that former Massachusetts-based Wells Fargo Clearing Services broker/adviser David Manor, who has received customer disputes, was recently named in a FINRA investigation into alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Manor (CRD# 6033220).
David Manor has spent five years in the securities industry and was most recently registered with Wells Fargo Clearing Services in Boston, Massachusetts (2016-2018). Previous registrations include Santander Securities in Brookline, Massachusetts (2013-2016) and Merrill Lynch in Boston, Massachusetts (2012-2013). He is currently not registered with any state, firm, or self-regulatory organization.
According to his BrokerCheck report, he has received two customer complaints, he resigned from a former employer in connection to alleged rule violations, and has been named in a FINRA investigation into alleged rule violations.
In December 2018 FINRA launched an investigation into allegations that David Manor participated in an unapproved outside business activity, recommended unsuitable investments, made unapproved private securities transactions, failed to disclose an outside brokerage account, and shared in proceeds with a client, all in violation of FINRA rules. The action remains pending.
In 2018 a customer alleged David Manor, while employed at Wells Fargo Clearing Services, Wells Fargo Securities and Charles Schwab, recommended unsuitable investments. The complaint settled for $95,000. In 2018 he resigned from Wells Fargo Clearing Services in connection to allegations he recommended a customer invest away from the firm and aided the client in an outside investment.
In 2016 a customer alleged David Manor, while employed at Santander Securities, made misrepresentations of material facts and an unsuitable annuity recommendation. The complaint settled for $30,000.
If you or someone you know has a complaint regarding David Manor, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window by law to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.