California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Securities
Broker Misrepresentation
Brokerage Firms Sued
FINRA
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Misconduct
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Products
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog
legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Name:
Email:
Phone:
Are you a new client?
Message:
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

Wells Fargo's Charles Frieda & Charles Lynch Rack Up Complaints Over Concentration, Suitability in 2015, 2016

Brokers Charles Henry Frieda and Charles Bernard Lynch of Wells Fargo Advisors in Irvine, California have racked up an alarming number of customer disputes over the last 15 months alone—31 total disclosure events, including 17 for Frieda and 14 for Lynch filed by a variety of customers, including several retirees alleging that Frieda and Lynch unsuitably over concentrated their funds in speculative oil and gas holdings, including the recently-bankrupt Magnum Hunter Resources.

FINRA BrokerCheck Report: Charles Henry Frieda

FINRA BrokerCheck Report: Charles Bernard Lynch Jr

Among the most common allegations filed against the duo are unsuitable concentration and recommendations, misrepresentation, and negligence in speculative energy, oil & gas securities.

Specifically, several customers accused Frieda and Lynch of putting their funds into risky speculative securities and over concentrating the investments in energy and commodity stocks, which were not suitable or otherwise not in line with the customers' conservative, low risk and diversified investment profiles.

With cumulative alleged damages exceeding several millions of dollars, Wells Fargo Advisors purportedly settled several claims so as to avoid the expense of further arbitration, though many others remain outstanding.

If you have invested with brokers Charles Henry Frieda or Charles Bernard Lynch of Wells Fargo Advisors' Irvine, CA branch, or with any brokers or financial advisers whose unsuitable recommendations or over concentration in unnecessarily high-risk securities has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for investigation and consultation.

accolades
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.
Website: