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Investor Lawyers BlogSEC Accuses Fired Wells Fargo Broker Kenneth Welsh of Stealing Nearly $3M From Customers
Senior Citizens Were Among Former Fairfield, NJ Financial Advisor’s Alleged Victims
Kenneth Andrews Welsh, an ex-Wells Fargo Clearing Services broker, is now facing Securities and Exchange Commission (SEC) charges accusing him of misappropriating at least $2.86 million from brokerage firm customers and advisory clients.
Allegedly the financial advisor used victims’ money (including senior citizens) to pay credit card bills and buy precious metals, including gold coins.