Alex Williams (CRD# 2646185), a broker and investment adviser based in New York, has received a pending customer complaint. According...Read More
Richard Bernstein: Complaints Against Nevada, California Wells Fargo Advisor
Investor complaints against Wells Fargo broker and investment advisor Richard Bernstein (CRD# 1113777) allege conduct including false representations, suitability violations, unauthorized trading, and more by the Incline Village, Nevada and Los Angeles, California-based representative. Mr. Bernstein has been registered with the firm since 2015, according to information drawn from the Financial Industry Regulatory Authority.
Richard Bernstein allegedly violated suitability rules when he recommended corporate debt and equity investments, according to a pending 2019 complaint concerning his conduct as a representative of Wells Fargo Clearing Services and Morgan Stanley. The complaint alleges damages of at least $175,000.
Richard Bernstein allegedly engaged in unsuitable and unauthorized trading between 2013 and 2015 while he was a representative of Morgan Stanley, according to a pending 2017 complaint. The claimant alleges damages of $81,738.82.
Richard Bernstein allegedly did not follow instructions provided by the customer, according to a 2008 complaint regarding his conduct as a representative of UBS Financial Services. The complaint reached a settlement of $5,792.72.
A 1995 complaint alleged violations of fiduciary duty, false representations, unsuitable investments, and unauthorized trading while he was a representative of Smith Barney Shearson. The complaint concluded with an award to the claimant totaling $91,200.
A 1992 complaint dealt with allegations of unauthorized and excessive trades while he was a representative of Prudential Securities. This complaint concluded with an award to the claimant totaling $31,300.
Richard Bernstein is currently registered with Wells Fargo Clearing Services’ branch offices in Incline Village, Nevada and Los Angeles, California, and has been since 2015. His employment history includes Morgan Stanley, Morgan Stanley & Company, UBS Financial Services, Salomon Smith Barney, Prudential Securities, Bear Stearns & Company, and Merrill Lynch. He holds 17 state licenses and has passed four securities industry qualification examinations. (Information current as of August 9, 2019.)