On May 29, 2014, the Federal Bureau of Investigation (FBI) announced the indictment of Travis Wetzel, age 35, on charges of illegally transferring over $1.2 million from a client’s annuity account to his personal accounts.
Wetzel worked as a stockbroker in Rockville, Maryland and according to the indictment to taking money from his client’s account and used it for his personal benefit. If convicted, Wetzel faces a maximum sentence of 20 years and $250,000 fine for wire fraud and 10 years in prison for money laundering.
According FINRA records Wetzel was registered with LPL Financial LLC from 9/2006-8/2012.
Rex Securities Law , located in Boca Raton, FL, 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.
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