Articles Tagged with Senior Financial Exploitation Loss Attorneys

FINRA Arbitration Panel Orders Wells Fargo Advisors To Pay $3.4M To Investor 

Broker-Dealer Accused of Negligence That Allegedly Enabled Elder Financial Exploitation 

A three-person FINRA Dispute Resolution Services panel awarded one investor $3.4M in damages and costs over losses his now-deceased mother sustained while working with Wells Fargo Advisors and its financial advisor Stephen Lyndell Smith. The claimant, who filed his broker fraud lawsuit in 2023, alleged negligence, breach of contract, breach of fiduciary duty over the broker-dealer’s purported “inaction” to stop unauthorized trades in the account of an older investor in declining health, and more.