Charles Harper Bridgers, Registered Rep Formerly with Wells Fargo Clearing Services, Inc. Has Been Sanctioned by FINRA for Unauthorized Trading in Customer Account
Publicly available records recently provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor Charles Harper Bridgers (CRD # 1226108), formerly with Wilson, NC based Wells Fargo Clearing Services, Inc. (CRD # 19616) was recently sanctioned by FINRA’s Department of Enforcement for the fraud of unauthorized trading in customer accounts. The Law Office of Kevin J. Deloatch, Esq. is interested in speaking to investors who have complaints regarding Mr. Bridgers and/or Wells Fargo Clearing Services, Inc.
Mr. Bridgers became registered in the securities industry in 1984 and most was most recently registered with Wells Fargo Clearing Services, Inc. from October 1999 to February 2018. His prior registrations included First Union Capital Markets Corp. (CRD # 6124) from December 1996 to October 1999 and Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD # 7691) from February 1984 to January 1997.
FINRA’s Finding and Conclusions of Securities Fraud
According to FINRA Letter of Acceptance, Waiver and Consent (AWC) dated October 16, 2019, Mr. Bridgers consented to the following findings by FINRA’s Department of Enforcement, with regard to the fraud of unauthorized trading in customer accounts, without either admitting or denying:
- In January 2018, Bridgers entered two municipal securities transactions in a customer’s brokerage account without prior authorization from the customer;
- Bridgers entered notes in the firms customer management system which falsely indicated that he had spoken with the customer prior to entering the transactions in an attempt to conceal that the transactions were unauthorized; and
- Bridger’s actions during the relevant period were in violation of MSB Rule G-17 governing fair dealing with customers in municipal securities transactions.
FINRA Sanctions Charles Harper Bridgers
In addition to the findings and conclusions, FINRA’s October 16, 2019 AWC also indicates that Mr. Bridgers consented to the following sanctions:
- A suspension from associating with any FINRA member firm in any and all capacities for three months; and
- A $10,000.00 fine.
If you or someone you know has or had a brokerage account with Charles Harper Bridgers and/or Wells Fargo Clearing Services, Inc. and have concerns regarding losses in your investments or possible fraud, you may be entitled to recover lost funds. The Law Office of Kevin J. Deloatch, Esq. has an extensive securities law practice and over 30 years of experience on Wall Street. Call today at (646) 792-2156 for a free consultation. The time to file your claim may be limited so you should call today to avoid delay.