Wesley Palmer: $225K Complaint Against Madison Avenue Advisor

A recent investor complaint against Greenville, South Carolina financial advisor Wesley Palmer (CRD# 6433982) alleges that his advice resulted in damages exceeding $200,000. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Madison Avenue Securities.

Mr. Palmer’s BrokerCheck report discloses one investor complaint. Filed in June 2026, it alleges that as a representative of Madison Avenue Securities, he made an “unsuitable and misleading recommendation” involving an interval fund. The pending complaint alleges damages of $225,711.

For reference, FINRA rules and standards forbid brokers from providing misleading information regarding investments, an act generally referred to as “misrepresentation.” One of the most pertinent rules regarding misrepresentation is FINRA Rule 2020, which stipulates that no representative of a FINRA member firm may “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who misrepresent material facts regarding investments may lead their clients to purchase products that are unsuitable for them, in violation of FINRA Rule 2111. That rule stipulates that brokers may only recommend investments and strategies that are appropriate for a client’s background and objectives, based on reasonable diligence into the investor’s profile. Representatives who misrepresent and/or recommend unsuitable investments may be held liable for damages in the event of losses; they may even be subject to disciplinary action by FINRA, the Securities and Exchange Commission, or state securities authorities.

According to the Financial Industry Regulatory Authority, Wesley Palmer holds 11 years of securities industry experience. Based in Greenville, South Carolina, he has been registered as a broker and an investment advisor with Madison Avenue Securities since 2017. He was previously registered with Capital Investment Group in Greenville from 2015 until 2017. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 14 state licenses. (Information current as of July 12, 2026.)

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.