FINRA Bars Former Wells Fargo Broker Marcus Delgado for Excessive Trading in Retirement Accounts
FINRA permanently barred Marcus Delgado for unauthorized trading across 18 retirement accounts at Wells Fargo, causing $3.8M in client losses while generating $487K in commissions.
April 26, 2026
Former Wells Fargo Broker Barred for Excessive Trading in Retirement Accounts
FINRA permanently barred a former Wells Fargo broker for churning elderly clients' retirement accounts, causing $890,000 in losses while generating $312,000 in commissions.
April 26, 2026
FINRA Arbitrators Award $4.2M to Investors in Nontraded REIT Loss Case
A FINRA arbitration panel ordered a former broker and his firm to pay $4.2 million after selling unsuitable nontraded REIT shares to elderly investors.
April 26, 2026
