Were you the victim of former Wells Fargo Clearing Services, LLC broker Steven Hill (CRD# 4606358)who is accused of unsuitable investment recommendations? He has been registered with Wells Fargo Clearing Services, LLC in Atwater, California, since 2011. Previously, he was registered with Wells Fargo Investments, LLC in Turlock, California, from 2008 to 2011, and with Wamu Investments, Inc. in Los Banos, California, from 2006 to 2008, when he was terminated regarding, “placed trades in a client’s account without obtaining the client’s approval.”
Steven Hill Customer Complaints
He has been the subject of nine customer complaints between 2008 and 2023, four of which were denied, according to his CRD report. The most recent complaint was regarding:
May 2023. “Claimants allege in 2019 their Financial Advisor (FA) misrepresented unsuitable investments in order to generate higher commissions.” The case is currently pending. The complaint was regarding structured CDs, 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 Steven Hill’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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