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New Mexico Wells Fargo Broker Jeffrey R. Wilson Alleged to Have Sold Unsuitable Energy Investments

Our attorneys are investigating claims against Las Cruces, New Mexico-based Wells Fargo Clearing Services, LLC (CRD# 19616) broker Jeffrey (Jeff) R. Wilson (CRD# 1161819) over allegations that Wilson unsuitably recommended Wells Fargo customers to invest in oil, gas and energy investments.

Las Cruces, New Mexico Broker Jeff Wilson

According to Wilson’s FINRA BrokerCheck report, Jeff Wilson has three (3) disclosures, all of which feature aggrieved investors recovering some of their investment losses.

In December 2015, a FINRA arbitration was settled for $275,000.  The complaint alleged excessive trading, unsuitable investments and excessive risk.

In May 2016, a FINRA arbitration panel entered an award against Wilson awarding $357,000 in damages.  The complaint alleged that investment recommendations made in or about 2014 were misrepresented and unsuitable.

That same month, another FINRA arbitration was settled for $250,000.  This complaint alleged unsuitable energy investments, amongt other investments.

Wells Fargo has employed Wilson since 2014.  Prior to Wells Fargo, Morgan Stanley (CRD# 149777) employed Wilson from June 2009 to June 2014.  At both Wells Fargo and Morgan Stanley, Wilson was based out of the Las Cruces, New Mexico branches.

Wells Fargo entities have underwritten some offerings of some of the more notable oil and gas companies, including but not limited to Seadrill, Breitburn Energy Partners, Swift Energy, Memorial Production Partners, and Martin Midstream Partners.

Contact Our Attorneys if You’ve Lost Money Investing

Oil and gas seemed like an untouchable investment at one point, but that mask only hid its risky nature.  Unfortunately, many brokers and broker-dealers got caught up in oil and gas excitement and unsuitably recommended all sorts of oil- and gas-related investments, such as master limited partnerships (MLPs), stocks, and private placements, to its customers.  Often times, they also overconcentrated their customers’ portfolios, including our client’s.

If you have invested with Jeff R. Wilson and Wells Fargo Clearing Services, LLC and have lost money doing so, you may be able to recover some or all of your losses.  Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.

Our attorneys represent the interests of investors who have been the victims of investment fraud and lost money in the oil gas and energy sectors.  If you have questions about your legal rights, please contact us at www.oilgasfinraarbitration.com for a no-cost case evaluation.   Cases are taken on a contingency fee basis, meaning no attorney’s fee is owed if there is no recovery.   Our lawyers have collectively represented hundreds of investors in FINRA or securities arbitration claims and recovered millions of dollars from large and regional brokerage firms.

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