October 2017-Scottsdale, AZ
William J. Paynter, Jr., (CRD#2835535) , a stockbroker who is currently employed by Wells Fargo is the subject of a currently pending customer dispute involving energy sector investments.
In FINRA Case 17-01658 an elderly couple alleges that Paynter recommended unsuitable investments and an over concentration in oil and gas and energy investments. They are seeking damages of $500,000 for negligence, breach of fiduciary duty, negligent supervision and breach of contract. During the time period in question Paynter was employed by Morgan Stanley (2/2011-11/2014) and then UBS Financial (10/2014/5/2017).
Paynter has been employed by Wells Fargo since 4/2017.
Brokers are charged with the duty of making suitable recommendations to their customers taking into account their age, health and risk tolerance.
If you have losses in an account handled by William J. Paynter, Jr., contact us to learn how you may be entitled to recover damages through arbitration before the Financial Industry Regulatory Authority (FINRA).
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900