Advisor Alert: Our Attorneys Are Investigating Brian Howard Summers For Investment Fraud
Did You Lose Money Because of Brian Summers?
Filed: February 9, 2024
Brian Summers has been the subject of two (2) customer complaints and two (2) termination events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Brian Howard Summers.
Who Is Brian Howard Summers?
- Advisor Name: Brian Howard Summers
- Aliases: Brian H Summers
- CRD: 1569354
- Location: Frankfort, Illinois
- Current Employer: Currently Not Registered
- Previous Firms: Lasalle St Securities, L.L.C., Wells Fargo Clearing Services, LLC, and Stifel, Nicolaus & Company, Incorporated
- Number of Known Customer Complaints: 2
- Number of Known Termination Events: 2
- Can Brian Summers Be Sued: Yes, in Private Arbitration
- Can Brian Summers’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $9,999
- Highest Settlement: $50,000
If you have suffered investment losses by Brian Summers, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Brian Summers For Broker Misconduct
As of this publication date, Brian Summers has been the subject of 2 customer disputes and 2 termination events. Let’s review them below.
In December 2020, a FINRA arbitration was filed against or in reference to Brian Summers by a customer of Wells Fargo Clearing Services, LLC alleging that around 2009, Mr. Summers recommended unsuitable investments in an E*TRADE accounts. On May 4, 2022, Mr. Summers settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Summers’s employer and/or insurance carrier.
In December 2020, Brian Summers resigned from Wells Fargo Clearing Services, LLC, not knowing he was under investigation. At the time of resignation employee was under review related to third party allegation that spouse’s name was listed on the deed of customer’s home, and a later received allegations in arbitration claim, brought on behalf of deceased client, that he and or another FA traded in customer account, held outside the Firm, and pressured customer to open joint bank accounts with employee.
In December 2020, Stifel, Nicolaus & Company, Incorporated terminated Brian Summers for failure to timely disclose an arbitration.
In March 1995, a complaint was filed against or in reference to Brian Summers by a customer of Prudential Securities Incorporated alleging misrepresentation, breach of fiduciary duty, and failure to supervise. Per the customer, he/she lost over $9,999 because of Mr. Summers’s actions. An arbitration panel found that Brian Summers was negligent and awarded $75 in favor of the customers.
How To File A Claim Against Brian Summers (previously with Lasalle St Securities, L.L.C., Wells Fargo Clearing Services, LLC, and Stifel, Nicolaus & Company, Incorporated) To Get Your Money Back
If you have questions about Brian Summers, Lasalle St Securities, L.L.C., Wells Fargo Clearing Services, LLC, Stifel, Nicolaus & Company, Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.