Chris Polimeni: $1.6mm Complaint Against WIS Advisor

Irvine, California financial advisor Chris Polimeni (CRD# 1643121) recently received an investor complaint alleging that he converted a customer’s assets. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Western International Securities.

Mr. Polimeni’s BrokerCheck report discloses one investor complaint. Filed in April 2025, it alleges that as a representative of Western International Securities, he converted a customer’s assets by transferring them to a foundation. The pending complaint alleges damages of $1.6 million.

Mr. Polimeni’s BrokerCheck report includes a section describing his background and services as a Western International Securities representative. “I’ve been a stockbroker for more than 36 years,” he explains. “I manage 6 offices and have extensive knowledge and experience in investment management. We specialize in managing accounts for wealthy individuals and institutions between $100,000 and $100 million.”

Investors should be aware that, FINRA rules forbid brokers like Mr. Polimeni from misusing their investors’ funds. FINRA Rule 2150 specifically stipulates that no registered representative “shall make improper use of a customer’s securities or funds.” The conversion of investor funds may also violate FINRA Rule 2010, which requires brokers to “observe high standards of commercial honor and just and equitable principles of trade” as they conduct their business. Brokers who violate these rules may be found liable for damages in the event of losses.

According to the Financial Industry Regulatory Authority, Chris Polimeni holds 38 years of securities industry experience. Based in Irvine, California, he has been registered as a broker and an investment advisor with Western International Securities since 2017. His past registrations include Financial West Group, First Allied Securities, InterFirst Securities Corporation, Financial Consultant Group, Paulson Investment Company, and Blinder Robinson & Company. His credentials include the passage of six securities industry qualifying exams: the Municipal Securities Principal Examination, or Series 53; the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63. He holds 24 state licenses. (Information current as of May 4, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.