There are options for clients of former Wells Fargo Advisors, LLC broker George Cairnes (CRD# 4068906), who faces a customer complaint for investment losses. He has been registered with Chelsea Financial Services in Staten Island, New York, since 2023.
Previously, he was registered with Wells Fargo Clearing Services, LLC in Houston, Texas, from 2011 to 2023, when he was terminated regarding, “Financial Advisor terminated after an allegations review determined the FA facilitated a loan between clients as well as loans and other transactions between a client and individuals associated with the FA.”
George Cairnes Customer Complaints
He has been the subject of three customer complaints between 2009 and 2023, one of which was denied, according to his CRD report. The most recent complaint was regarding:
April 2023. “Customer complains that she set up a line of credit to loan money to the financial advisor, his family members and his friends, and a portion of which has not been repaid, resulting in her line of credit having an outstanding balance. (5/1/2015-4/26/2023).” The case is currently pending. The complaint was regarding cash management accounts, and it took place while he was registered with Wells Fargo Advisors, 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 Advisors, LLC may be liable for investment or other losses suffered by George Cairnes’ 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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