Tyler Rigsbee Investigation
May 2022 – Sacramento, CA
According to publicly attained records, Tyler Michael Rigsbee, a former stockbroker who was last employed by Wells Fargo Clearing Services, discloses a prior regulatory matter and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In July 2021, in FINRA case #2021071026301 Tyler Rigsbee consented to the sanction and to the entry of findings that he refused to provide information and documents requested by FINRA. The findings stated that this matter originated from FINRA’s investigation for the U5 filed by Rigsbee’s member firm that disclosed he had been discharged during the course of an internal review where documents appear to show that client funds were received in his personal bank account after being transferred from the firm to a third party broker dealer, and then on to his bank account, without permission from clients. Rigsbee was permanently barred from FINRA in all capacities.
In April of 2021 Rigsbee was discharged from Wells Fargo Clearing Services after an investigation revealed that client funds were received in his personal account after being transferred from Wells Fargo to a third party broker dealer and then to Rigsbee‘s account without permission from clients.
If you have losses in an investment account handled by Tyler Michael Rigsbee contact us for a no charge consultation with an experienced securities attorney to learn about your legal options.
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.
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