Advisor Alert: Our Attorneys Are Investigating Paul Anthony Akre For Investment Fraud
Did You Lose Money Because of Paul Akre?
Filed: February 9, 2024
Paul Akre has been the subject of one (1) regulatory event, one (1) termination event, and two (2) 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 Paul Anthony Akre.
Who Is Paul Anthony Akre?
- Advisor Name: Paul Anthony Akre
- Aliases: Paul Akre
- CRD: 1068145
- Location: Waukesha, Wisconsin
- Current Employer: Currently Not Registered
- Previous Firms: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Advisors, LLC, and Morgan Stanley DW Inc.
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Paul Akre Be Sued: Yes, in Private Arbitration
- Can Paul Akre’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: $275,000
If you have suffered investment losses by Paul Akre, 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 Paul Akre For Broker Misconduct
As of this publication date, Paul Akre has been the subject of 1 regulatory event, 1 termination event, and 2 customer disputes. Let’s review them below.
In April 2020, a FINRA arbitration was filed against or in reference to Paul Akre by multiple customers of Wells Fargo Clearing Services, LLC alleging that Mr. Akre sold them private securities that were unsuitable investments. On September 9, 2021, Mr. Jaynes settled the claim for $2,850,000, and some or all of this amount may have been paid by Mr. Jaynes’s employer and/or insurance carrier.
In May 2016, FINRA initiated a regulatory action against or in reference to Paul Akre for allegedly improperly loaning money to his member firm’s customers, which was expressly prohibited by its written supervisory procedures (WSP’s).
In July 2013, Wells Fargo Advisors, LLC terminated Paul Akre for issues relating to disclosure and level of participation in outside business activities.
In October 1998, a complaint was filed against or in reference to Paul Akre by a customer of Merrill Lynch alleging with allegations and concerns of appropriateness of the stock recommendations of Mr. Akre.
How To File A Claim Against Paul Akre (previously with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Advisors, LLC, and Morgan Stanley DW Inc.) To Get Your Money Back
If you have questions about Paul Akre, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Advisors, 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.