{"id":1666,"date":"2015-06-22T20:27:44","date_gmt":"2015-06-22T20:27:44","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/06\/investor_want_wells_fargo_advi"},"modified":"2022-03-11T13:40:45","modified_gmt":"2022-03-11T19:40:45","slug":"investor-want-wells-fargo-advi","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investor-want-wells-fargo-advi\/","title":{"rendered":"Investor Want Wells Fargo Advisers to Pay $100K in Damages Over F-Squared Investment Losses"},"content":{"rendered":"

\t\t\t\tA client of Wells Fargo Advisors (WFC) is looking to recover at least $100,000 in damages for losses he sustained from investing with F-Squared Investments Inc. The arbitration case comes six months after F-Squared consented to pay $35 million to resolve Securities and Exchange Commission charges accusing the asset manager of making false claims about its flagship investment product’s performance. The 68-year-old widower’s claim will test whether investors can pursue broker-dealers for selling F-Squared products.<\/p>\n

The claimant, a moderately conservative investor who was looking for moderately conservative growth for his retirement account assets, began working with a Wells Fargo financial adviser in 2011. The brokerage firm made F-Squared managed-accounts available to advisors in 2013.<\/p>\n

According to InvestmentNews<\/em>, The investor’s advisor put about $900K of the client’s money-most of his savings, says his attorney-in products managed by two ETF strategists. Over 50% of the money went into F-Squared’s AlphaSector Allocator Select. Meantime, the investor said it paid Wells Fargo about $19,000 in fees for recommending the products. He believes that the firm had a conflict when it recommended investments because they came with such high commissions. Also, the fees erased potential capital gains for the claimant.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A client of Wells Fargo Advisors (WFC) is looking to recover at least $100,000 in damages for losses he sustained from investing with F-Squared Investments Inc. The arbitration case comes six months after F-Squared consented to pay $35 million to resolve Securities and Exchange Commission charges accusing the asset manager of making false claims about […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4023,3752,3739,3803,3836],"tags":[2890],"class_list":["post-1666","post","type-post","status-publish","format-standard","hentry","category-exchange-traded-funds","category-financial-firms","category-finra","category-senior-investors","category-wells-fargo","tag-f-squared"],"yoast_head":"\nInvestor Want Wells Fargo Advisers to Pay $100K in Damages Over F-Squared Investment Losses — Investor Lawyers Blog — June 22, 2015<\/title>\n<meta name=\"description\" content=\"A client of Wells Fargo Advisors (WFC) is looking to recover at least $100,000 in damages for losses 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