Wells Fargo Clearing Services, LLC broker John Pasacreta Jr. (CRD# 2398487) is accused of variable annuity investment losses. He has been registered with Wells Fargo Clearing Services, LLC in Greenwich, Connecticut, since 2016. Previously, he was registered with Morgan Stanley in Purchase, New York, from 2009 to 2016.
John Pasacreta Jr. Customer Complaints
He has been the subject of four customer complaints between 2007 and 2024, two of which were denied, according to his CRD report. The most recent complaint was regarding:
April 2024. “Claimant alleges in 2018 an unsuitable recommendation was made that resulted in alleged losses.” The case is currently pending. The complaint was regarding variable annuity investment 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 John Pasacreta Jr.’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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