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Broker Misconduct Investigation: Jon Lindenberg (Wells Fargo Clearing Services, LLC)

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Updated on: March 15, 2024

National investment loss lawyers KlaymanToskes is investigating Jon Lindenberg of Wells Fargo Clearing Services, LLC (CRD #4161624).

According to his CRD report, Jon Lindenberg, a broker registered with Wells Fargo Clearing Services, LLC since 2003, is currently under investigation for allegedly enabling an unsuitable transaction in a Trust, leading to a customer complaint filed in April 2023, which is still pending.

Investors that suffered losses with Jon Lindenberg (Wells Fargo Clearing Services, LLC) are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Jon Lindenberg Faces Complaint Over Unsuitable Trust Transaction

Jon Lindenberg is currently the subject of a pending customer complaint, according to his Central Registration Depository (CRD) report.

The complaint was filed on April 2023, bringing to light issues regarding a transaction involving a Trust. The complainants in this case are the beneficiaries of the said Trust. They allege that Lindenberg facilitated an unsuitable transaction for the Trustee at an unspecified time. The nature of the transaction and the details about why it was deemed unsuitable are not disclosed in the report.

Who is Jon Lindenberg of Wells Fargo Clearing Services, LLC?

Jon Lindenberg is a broker and financial advisor registered with Wells Fargo Clearing Services, LLC since 2003. In April 2023, he was the subject of one customer complaint, in which it is alleged that during an unspecified time period, he enabled the Trustee to make an unsuitable transaction in the Trust. The case is currently pending.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against Jon Lindenberg. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with Jon Lindenberg, or have concerns regarding your investment portfolio at Wells Fargo Clearing Services, LLC, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.