{"id":7277,"date":"2019-08-09T12:32:23","date_gmt":"2019-08-09T17:32:23","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7277"},"modified":"2019-08-21T12:37:29","modified_gmt":"2019-08-21T17:37:29","slug":"ex-wells-fargo-broker-and-advisor-are-accused-of-misconduct","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-wells-fargo-broker-and-advisor-are-accused-of-misconduct\/","title":{"rendered":"Ex-Wells Fargo Broker and Advisor Are Accused of Misconduct"},"content":{"rendered":"

The Financial Industry Regulatory Authority (FINRA)<\/a> has taken action against two former Wells Fargo (WFC) <\/a>representatives. Ex-broker Michael Garris has been suspended for a year after the self-regulatory organization found that he made 26 unauthorized trades in the account of a client who he knew had died.<\/p>\n

Garris was fired by Wells Fargo over a year ago. According to FINRA, he made more than $9K in commissions from the unauthorized transactions in late 2017, several months after the client\u2019s nephew had notified him of the death. Garris failed to tell the brokerage firm of the client\u2019s passing.<\/p>\n

Wells Fargo has since refunded the commissions that Garris made from the transactions, reversed the transactions that were not authorized, and placed the account back to its former positions from before the customer died.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority (FINRA) has taken action against two former Wells Fargo (WFC) representatives. Ex-broker Michael Garris has been suspended for a year after the self-regulatory organization found that he made 26 unauthorized trades in the account of a client who he knew had died. Garris was fired by Wells Fargo over a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783,3781,3738],"tags":[3318,4119,4120,3022],"class_list":["post-7277","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-broker-misconduct","category-investment-advisers","category-investor-fraud","tag-john-gregory-schmidt","tag-michael-garris","tag-robert-f-montes","tag-wells-fargo"],"yoast_head":"\nEx-Wells Fargo Broker and Advisor Are Accused of Misconduct | Investor Lawyers Blog | SSEK Law Firm<\/title>\n<meta name=\"description\" content=\"The Financial Industry Regulatory Authority has taken action against two former Wells Fargo (WFC) representatives, Michael Garris and Robert F. 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