STEPHEN LEWIS MARCHEL

STEPHEN LEWIS MARCHEL is currently employed as a Broker and/or Investment Adviser at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC located at 23 S WASHINGTON AVE, STE 1B, MARGATE CITY, NJ, 08402.

STEPHEN LEWIS MARCHEL has worked at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC since November 06, 2015

Disclosure History

STEPHEN LEWIS MARCHEL has 1 Disclosure Event(s).

Date: July 29, 2008
Category: Customer Dispute
Allegations: CLIENT CLAIMS SHE NEVER GAVE PERMISSION TO HER ADVISORS TO INVEST HER FUNDS AT THE RISK LEVEL AT WHICH THEY DID. CLIENT CLAIMS THE INVESTMENTS WERE UNSUITABLE FOR HER FINANCIAL NEEDS AT THE TIME OF PURCHASE AS SHE WAS A SINGLE WOMAN WITH LIMITED FUNDS FOR THE FUTURE. CLIENT CLAIMS SHE NEVER GAVE PERMISSION TO HAVE SECURITIES PURCHASED ON MARGIN AND WAS NEVER INFORMED OF THE TERMS OF A MARGIN ACCOUNT. CLIENT ALLEGES HER FUNDS WERE MISMANAGED THUS RESULTING IN LOSSES AND UNFAVORABLE TAX CONSEQUENCES FOR HER.
Damage Amount Requested: $37,200.00
Broker Comment: CLIENTS ACCUSATIONS ARE FALSE & I LOOK FORWARD TO MORE FORMALLY ADDRESSING THEIR INACCURACIES.

More Information

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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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