Advisor Alert: Our Attorneys Are Investigating Charles Matthew Fagan For Investment Fraud
Did You Lose Money Because of Charles Fagan?
Filed: January 31, 2024
Charles Fagan currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) customer complaint. 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 Charles Matthew Fagan.
Who Is Charles Matthew Fagan of Raymond James & Associates, Inc.?
- Advisor Name: Charles Matthew Fagan
- Aliases: Charles Fagan
- CRD: 5040887
- Location: St. Louis, Missouri
- Current Employer: Raymond James & Associates, Inc.
- Previous Firms: Wells Fargo Advisors, LLC and A.G. Edwards & Sons, Inc.
- Number of Known Customer Complaints: 1
- Can Charles Fagan Be Sued: Yes, in Private Arbitration
- Can Charles Fagan’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $750,000
- Highest Settlement: Unknown
If you have suffered investment losses by Charles Fagan, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement 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 Charles Fagan For Broker Misconduct
As of this publication date, Charles Fagan has been the subject of 1 customer dispute. Let’s review it below.
In August 2023, a FINRA arbitration was filed against or in reference to Charles Fagan by multiple customers of Raymond James & Associates, Inc. alleging that Mr. Fagan concentrated them in unsuitable Ginnie Mae products with long maturity dates to generate higher commissions; misrepresented that the products were short-duration, safe, and that Claimants would receive their principal investment when they needed the funds. Mr. Fagan also failed to explain the products’ risks to Claimants. Per the customers, they lost over $750,000 because of Mr. Fagan’s actions. As of this publication date, this claim remains pending.
How To File A Claim Against Charles Fagan of Raymond James & Associates, Inc. (previously with Wells Fargo Advisors, LLC and A.G. Edwards & Sons, Inc.) To Get Your Money Back
If you have questions about Charles Fagan, Raymond James & Associates, Inc., Wells Fargo Advisors, LLC, A.G. Edwards & Sons, 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.