Wells Fargo Clearing Services, LLC broker Yancey Carter (CRD# 2259658) faces a complaint related to stock losses. He has been registered with Wells Fargo Clearing Services, LLC in Valdosta, Georgia, since 2008.
Yancey Carter Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
May 2023. “In or around July 2020, Claimants’ Financial Advisor (FA) misrepresented the risks of loss involved with short selling shares of stock in their account.” The case is currently pending. The complaint was related to common and preferred stock losses, and it 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 Yancey Carter’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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