Financial Advisor Fraud Lawyers

More Investors Seek To Recover Damages After Working With Ex-Fortune Financial Services Broker Richard Wesselt

Our Financial Advisor Fraud Lawyers Represent Claimants With FINRA Lawsuits 

More than a year after Shepherd Smith Edwards and Kantas Financial Advisor Fraud Lawyers (investorlawyers.com) began investigating claims of investment losses involving customers of ex-Fortune Financial Services stockbroker Richard Michael Wesselt, the number of broker fraud claims in his CRD has grown. Wesselt, a former Pennsylvania financial advisor who was barred by the Financial Industry Regulatory Authority (FINRA), now has 32 disclosures listed. Several of the customer disputes are still pending.

Wesselt is accused of making unsuitable investment recommendations, as well as misrepresentations and omissions to clients. These appear primarily related to variable annuities and life insurance products. He was a Fortune Financial Services broker from 2017 to 2020. Previous to that Wesselt was registered with The ON Equity Sales Company and before that with other broker-dealers. He worked in the industry for nearly three decades.

 

If Richard Wesselt was your financial advisor and you suffered significant losses, you may want to explore your legal options and find out whether you have grounds for a broker misconduct claim seeking damages.

Why Should You File A FINRA Lawsuit For Investment Losses Caused by Broker Misconduct?

These days, disputes between brokers and their customers have to be submitted in Financial Industry Regulatory Authority (FINRA) arbitration. In this forum, a panel will rule on whether your financial advisor and/or their brokerage firm should be held liable for your losses.

We cannot stress how important it is to make sure you are represented by knowledgeable broker-dealer negligence attorneys who have experience in this type of legal venue and already possess a record of recouping damages for investors. At Shepherd Smith Edwards and Kantas, we have worked with retail investors, retirees, elderly investors, high-net-worth individual investors, and institutional investors. Through our hard work and savvy, we have helped thousands to collectively recover many millions of dollars in court, arbitration, or mediation.

We have over a combined more than a century’s worth of experience in securities law and the securities industry. When you work with us, you can rest assured that you are retaining a seasoned team of attorneys, legal assistants, and consultants who know how to fight for you.

Brokerage firms should be held liable for the reckless or wrongful actions committed by their financial advisors in customers’ accounts. We have filed many failures to supervise claims against broker-dealers because they were negligent and did not protect their client’s assets.

How To Contact Our Financial Advisor Fraud Lawyers:

Call (800) 259-9010 to request your free, initial case assessment. You can also fill out this online form.