Daniel Arthur Evans, Broker with Wells Fargo, Facing Customer Dispute Alleging Unsuitable Investment Recommendations

INVESTORS: Wells Fargo broker Daniel Arthur Evans was named in a customer dispute alleging he recommended unsuitable investments.

Daniel Arthur Evans (CRD: 1573625) is registered as a broker with Wells Fargo, where he’s been employed since 2003. Previously, Evans was registered as a broker with Prudential Securities in 2003.

Evans has three disclosures on his BrokerCheck report. One disclosure relates to a criminal matter.

December 2021 Customer Dispute

Status: Pending

Allegations: Claimant alleges that between 2015 and 2020, the FA made unsuitable investments.

December 2021 Customer Dispute

Status: Settled

Allegations: Representative for institutional accounts alleged that FC failed to disclose mutual fund sales charges – Feb, 2003.

Damage Amount Requested: $80,000.00

Settlement Amount: $80,000.00

Broker Comment: This complaint has been completely mischaracterized by my former firm. There was no failure to disclose a mutual fund sales charge on my part. This was an operational failure to process the order properly. My former firm resolved the issue by properly processing the clients order.

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