Melanie Gilmore: Wells Fargo Advisor Faces $500K Complaint

La Jolla, California financial advisor Melanie Gilmore (CRD# 4945629) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that she is currently registered as a broker and an investment advisor with Wells Fargo Clearing Services and Wells Fargo Advisors, respectively.

Ms. Gilmore’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of Wells Fargo Clearing Services, she recommended unsuitable recommendations in “miscellaneous” securities. The pending complaint alleges damages of $500,000.

Wells Fargo’s website includes a profile of Ms. Gilmore in which she describes her services. “As a Financial Advisor with Wells Fargo Advisors, I can offer you a wide range of services, from helping you select individual investments to developing a retirement plan,” she writes. “With access to a broad array of company resources — including research analysts and economic and market experts — I can help you make informed investment decisions based on your specific needs.”

According to the Financial Industry Regulatory Authority, Melanie Gilmore holds 17 years of securities industry experience. Based in La Jolla, California, she has been registered as a broker and an investment advisor with Wells Fargo Clearing Services and Wells Fargo Advisors, respectively, since 2017. Her past registrations include Morgan Stanley (La Jolla, California; 2016-2017), Merrill Lynch (San Diego, California; 2009-2016), UBS Financial Services (La Jolla, California; 2006-2009), and AG Edwards & Sons (2006). Her credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. She holds 39 state licenses. (Information current as of May 28, 2024.)

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