Advisor Alert: Our Attorneys Are Investigating John Joseph Pasacreta Jr. For Investment Fraud
Did You Lose Money Because of John Pasacreta?
Filed: February 9, 2024
John Pasacreta has been the subject of three (3) customer complaints. 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 John Joseph Pasacreta Jr.
Who Is John Joseph Pasacreta Jr of Wells Fargo Clearing Services, LLC?
- Advisor Name: John Joseph Pasacreta Jr
- Aliases: John Charles Pasacreta, John Joseph Pasacreta, John Joseph Pasacreta Jr.
- CRD: 2398487
- Location: Greenwich, Connecticut
- Current Employer: Wells Fargo Clearing Services, LLC
- Previous Firms: Morgan Stanley and Morgan Stanley & Co. Incorporated
- Number of Known Customer Complaints: 3
- Can John Pasacreta Be Sued: Yes, in Private Arbitration
- Can John Pasacreta’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $25,000
- Highest Settlement: $6,000
If you have suffered investment losses by John Pasacreta, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning 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 John Pasacreta For Broker Misconduct
As of this publication date, John Pasacreta has been the subject of 3 customer disputes. Let’s review them below.
In October 2021, a complaint was filed against or in reference to John Pasacreta by a customer of Wells Fargo Advisors, LLC alleging that Mr. Pasacreta recommended investments that were not appropriate for the client’s age and objectives.
In August 2009, a FINRA arbitration was filed against or in reference to John Pasacreta by a customer of Banc of America Investment Services, Inc. alleging misrepresentation and unsuitable investments in GMAC bonds and stock during the time period of January 2008 through November 2008. Per the customer, he/she lost over $25,000 because of Mr. Pasacreta’s actions. On December 10, 2010, Mr. Pasacreta settled the claim for $6,000, and some or all of this amount may have been paid by Mr. Pasacreta’s employer and/or insurance carrier.
In December 2007, a complaint was filed against or in reference to John Pasacreta by a customer of Banc of America Investment Services, Inc. alleging failure to follow instructions as a result of the client’s assets being invested in long-term investments rather than short-term municipal auction rate securities from June 2007 through November 2007.
How To File A Claim Against John Pasacreta of Wells Fargo Clearing Services, LLC (previously with Morgan Stanley and Morgan Stanley & Co. Incorporated) To Get Your Money Back
If you have questions about John Pasacreta, Wells Fargo Clearing Services, LLC, Morgan Stanley, Morgan Stanley & Co. 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.