According to BrokerCheck records financial advisor Mitchell Rock (Rock), currently employed by Wells Fargo Clearing Services, LLC (Wells Fargo) has been subject to nine customer complaints. According to records kept by The Financial Industry Regulatory Authority (FINRA), most of Rock’s customer complaints allege that Rock made unsuitable recommendations in a variety of investments structured products.
In July 2018 a customer complained that Rock violated the securities laws by telling the client that the accounts were subject to a certain rate for fees and commissions that were not correct and that his accounts were charged more than the rate that was told to him. The customer alleges $500,000 in damages. The claim was denied by the firm.
In November 2012 a customer complained that Rock violated the securities laws by making an investment that the broker represented would make a profit. The claim was denied by the firm.
In September 2012 a customer complained that Rock violated the securities laws by making unsuitable investments in structured products causing $175,000 in damages. The claim settled for $61,000.
If you or someone you know lost money investing with Mitchell Rock and/or Wells Fargo you may be entitled to recover your investment losses through FINRA arbitration. CMD accepts cases on a contingency fee basis, which means we only get paid if you get paid. Your time to file a claim may be limited, so contact us today at (212) 658-0458 or email@example.com for a free and confidential case evaluation.