Advisor Alert: Our Attorneys Are Investigating Pasquale Capone For Investment Fraud
Did You Lose Money Because of Pasquale Capone?
Filed: January 30, 2024
Pasquale Capone currently has one (1) pending customer complaint. Overall, he has been the subject of nine (9) 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 Pasquale Capone.
Who Is Pasquale Capone of Wells Fargo Clearing Services, LLC?
- Advisor Name: Pasquale Capone
- Aliases: Pasquale Capone
- CRD: 2487767
- Location: Woodbury, New York
- Current Employer: Wells Fargo Clearing Services, LLC
- Previous Firms: Morgan Stanley DW Inc.
- Number of Known Customer Complaints: 9
- Can Pasquale Capone Be Sued: Yes, in Private Arbitration
- Can Pasquale Capone’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $600,000
- Highest Settlement: $200,000
If you have suffered investment losses by Pasquale Capone, 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 Pasquale Capone For Broker Misconduct
As of this publication date, Pasquale Capone has been the subject of 9 customer disputes. Let’s review them below.
In November 2023, a FINRA arbitration was filed against or in reference to Pasquale Capone by a customer of Wells Fargo Clearing Services, LLC alleging unsuitable investment recommendations. Per the customer, he/she lost over $600,000because of Mr. Capone’s actions. As of this publication date, this claim remains pending.
In September 2016, a FINRA arbitration was filed against or in reference to Pasquale Capone by multiple customers of Wells Fargo Advisors, LLC alleging that that since 2008, Mr. Capone made unauthorized and unsuitable trades.On June 1, 2017, Mr. Capone settled the claim for $47,500, and some or all of this amount may have been paid by Mr. Capone’s employer and/or insurance carrier.
In July 2010, a FINRA arbitration was filed against or in reference to Pasquale Capone by a customer of Wells Fargo Advisors, LLC alleging that Mr. Capone executed excessive trades and made unsuitable investments for his accounts. Per the customer, he lost over $500,000 because of Mr. Capone’s actions. On September 27, 2011, Mr. Capone settled the claim for $70,000, and some or all of this amount may have been paid by Mr. Capone’s employer and/or insurance carrier.
In August 2004, a NASD arbitration was filed against or in reference to Pasquale Capone by a customer of Morgan Stanley DW Inc. alleging unsuitable recommendations during October 2000 to November 2002. Per the customer, he lost over $300,000 because of Mr. Capone’s actions. On January 20, 2006, Mr. Capone settled the claim for $37,000, and some or all of this amount may have been paid by Mr. Capone’s employer and/or insurance carrier.
In July 2004, a complaint was filed against or in reference to Pasquale Capone by a customer of Morgan Stanley DW Inc. alleging that Mr. Capone traded in the client’s account without authorization. Per the customer, he lost over $5,000 because of Mr. Capone’s actions.
In June 2004, a NYSE arbitration was filed against or in reference to Pasquale Capone by a customer of Morgan Stanley DW Inc. alleging mismanagement, excessive trading, and suitability. On October 25, 2005, Mr. Capone settled the claim for $23,000, and some or all of this amount may have been paid by Mr. Capone’s employer and/or insurance carrier.
In May 2004, a complaint was filed against or in reference to Pasquale Capone by a customer of Morgan Stanley DW Inc. alleging breach of fiduciary duty. Per the customer, he lost over $100,000 because of Mr. Capone’s actions.
In February 2004, a NASD arbitration was filed against or in reference to Pasquale Capone by a customer of Morgan Stanley DW Inc. alleging failure to supervise. Per the customer, he lost over $400,000 because of Mr. Capone’s actions. On March 14, 2005, Mr. Capone settled the claim for $200,000, and some or all of this amount may have been paid by Mr. Capone’s employer and/or insurance carrier.
In October 2002, a NASD arbitration was filed against or in reference to Pasquale Capone by a customer of Morgan Stanley DW Inc. alleging breach of fiduciary duty, unsuitability and misrepresentation. Per the customer, he lost over $141,816 because of Mr. Capone’s actions. On December 30, 2003, Mr. Capone settled the claim for $36,000, and some or all of this amount may have been paid by Mr. Capone’s employer and/or insurance carrier.
How To File A Claim Against Pasquale Capone of Wells Fargo Clearing Services, LLC (previously with Morgan Stanley DW Inc.) To Get Your Money Back
If you have questions about Pasquale Capone, Wells Fargo Clearing Services, LLC, Morgan Stanley DW 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.