Rodolfo C. and Maria O. Del Real Family Trust v. Wells Fargo Advisors LLC, Wells Fargo Investments LLC
Published: Mar. 21, 2015 | Result Date: Feb. 19, 2015 | Filing Date: Jan. 1, 1900 |Case number: 13-02754 Arbitration – Expungement Denied
Court
FINRA
Attorneys
Claimant
Melinda J. Steuer
(Law Offices of Melinda Jane Steuer)
Respondent
Judy Louie
(Wells Fargo Advisors LLC)
Facts
Rodolfo C. and Maria O. Del Real Family Trust filed a complaint against Wells Fargo Advisors LLC and Wells Fargo Investments LLC, in connection with its investment in Dividend Capital.
Contentions
CLAIMANTS' CONTENTIONS:
Claimant asserted claims for intentional misrepresentation, negligent misrepresentation, fraud-false promise, fraud-omissions, breach of fiduciary duty (suitability), breach of fiduciary (supervision), and professional negligence.
DEFENDANT'S CONTENTIONS:
Respondents denied the allegations and asserted various affirmative defenses.
Result
The parties reached a settlement in September 2014. Then, Wells Fargo requested the expungement of non-party Ryan Allen's CRD records. Ultimately, the FINRA Panel denied the expungement request.
Other Information
ARBITRATORS: Sterling N. Frost, Gary H. Kahn, Andrew R. Epstein FILING DATE: Sept. 19, 2013
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