Did You Lose Money Because of Steven Hill?
Filed: March 11, 2024
Steven Hill (also known as Andy Hill) currently has one (1) pending customer complaint and two (2) pending judgment/lien events. Overall, he has been the subject of nine (9) customer complaints, one (1) termination event, and two (2) judgment/lien 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 Steven Andrew Hill.
Who Is Steven Andrew Hill of Wells Fargo Clearing Services, LLC?
- Advisor Name: Steven Andrew Hill
- Aliases: Andy Hill
- CRD: 4606358
- Location: Ceres and Atwater, California
- Current Employer: Wells Fargo Clearing Services, LLC
- Previous Firms: Wells Fargo Investments, LLC and Wamu Investments, Inc.
- Number of Known Customer Complaints: 9
- Number of Known Judgment/Lien Events: 2
- Number of Known Termination Events: 1
- Can Steven Hill Be Sued: Yes, in Private Arbitration
- Can Steven Hill’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $20,000
- Highest Settlement: $89,599.93
If you have suffered investment losses by Steven Hill, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud 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 Steven Hill For Broker Misconduct
As of this publication date, Steven Hill has been the subject of 9 customer disputes, 1 termination event, and 2 judgment/lien events. Let’s review them below.
In May 2023, a FINRA arbitration was filed against or in reference to Steven Hill by multiple customers of Wells Fargo Advisors, LLC alleging that Mr. Hill misrepresented unsuitable investments in order to generate higher commissions. As of this publication date, this claim remains pending.
In March 2023, a complaint was filed against or in reference to Steven Hill by a customer of Wells Fargo Advisors, LLC alleging that Mr. Hill lied about the safety of the investments.
In August 2017, Steven Hill was the subject of a civil judgment or lien in the amount of $16,696.46. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In November 2016, Steven Hill was the subject of a civil judgment or lien in the amount of $39,735.45. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In October 2016, a complaint was filed against or in reference to Steven Hill by a customer of Wells Fargo Advisors, LLC alleging that the account was to be invested in only safe, principal protected investments not subject to market risk but was instead invested in unsuitable investments which were represented not to lose value. Per the customer, she lost over $10,000 because of Mr. Hill’s actions.
In October 2011, a complaint was filed against or in reference to Steven Hill by multiple customers of Wells Fargo Advisors, LLC alleging that the customers did not authorize insurance investment, and that Mr. Hill did not provide information regarding MLCD purchased 4/27/11.
In March 2011, a complaint was filed against or in reference to Steven Hill by a customer of Wells Fargo Advisors, LLC alleging that the customer was promised 5.5% interest per year on MLCD. Per the customer, he/she lost over $20,000 because of Mr. Hill’s actions.
In March 2009, a complaint was filed against or in reference to Steven Hill by a customer of Wamu Investments, Inc. alleging that in June 2007, the address associated with the client’s account was changed and several bonds were purchased without his consent. On March 12, 2009, Mr. Hill settled the claim for $89,599.93, and some or all of this amount may have been paid by Mr. Hill’s employer and/or insurance carrier.
In December 2008, a FINRA arbitration was filed against or in reference to Steven Hill by a customer of Wamu Investments, Inc. (Currently known as Chase Investment Services Corp.). Per the customer, he lost over $5,000 because of Mr. Hill’s actions. On October 22, 2009, Mr. Hill settled the claim for $17,422.72, and some or all of this amount may have been paid by Mr. Hill’s employer and/or insurance carrier.
In October 2008, a complaint was filed against or in reference to Steven Hill by a customer of Wamu Investments, Inc. alleging that Mr. Hill misrepresented the annuity the client purchased in April, 2007. On April 28, 2009, Mr. Hill settled the claim for $1,000.49, and some or all of this amount may have been paid by Mr. Hill’s employer and/or insurance carrier.
In August 2008, Wamu Investments, Inc. terminated Steven Hill for placing trades in a client’s account without obtaining the client’s approval.
In July 2008, a complaint was filed against or in reference to Steven Hill by a customer of Wamu Investments, Inc. alleging unauthorized trading in connection with municipal bonds purchased in May 2008. On August 22, 2008, Mr. Hill settled the claim for $22,452.56, and some or all of this amount may have been paid by Mr. Hill’s employer and/or insurance carrier.
How To File A Claim Against Steven Hill of Wells Fargo Clearing Services, LLC (previously with Wells Fargo Investments, LLC and Wamu Investments, Inc.) To Get Your Money Back
If you have questions about Steven Hill, Wells Fargo Clearing Services, LLC, Wells Fargo Investments, LLC, Wamu Investments, Inc., 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.
