Former Wells Fargo Clearing Services, LLC broker Steven Carlsen (CRD# 1564327) is accused of making unsuitable investment recommendations. He has been registered with LPL Financial LLC in Rancho Palos Verdes, California since 2021. Previously, he was registered with Wells Fargo Clearing Services, LLC in Rolling Hills Estates, California from 2007 to 2021.
Steven Carlsen Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2022. “Claimant alleges that Financial Advisor acted recklessly and carelessly when he recommended and sold unsuitable variable annuities that entailed an unnecessary level of risk and concentration, then failed to remind client of material attributes that could have prevented a costly liquidation.” The case is currently pending. The complaint took place while he was registered with Wells Fargo Clearing Services, 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 Clearing Services, LLC may be liable for investment or other losses suffered by Steven Carlsen’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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