Advisor Alert: Our Attorneys Are Investigating Wesley Justin Foltz For Investment Fraud
Did You Lose Money Because of Wesley Foltz?
Filed: October 30, 2023
Wesley Foltz has been the subject of one (1) regulatory 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 Wesley Justin Foltz.
Who Is Wesley Justin Foltz?
- Advisor Name: Wesley Justin Foltz
- Aliases: Wesley Foltz
- CRD: 4617507
- Location: Alexandria, Louisiana
- Current Employer: Currently Not Registered
- Previous Firms: Prospera Financial Services, Inc., LPL Financial LLC, and Capital One Investments, LLC
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 1
- Can Wesley Foltz Be Sued: Yes, in Private Arbitration
- Can Wesley Foltz’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $50,000
- Highest Settlement: Unknown
If you have suffered investment losses by Wesley Foltz, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 Wesley Foltz For Broker Misconduct
As of this publication date, Wesley Foltz has been the subject of 1 regulatory event and 2 customer disputes. Let’s review them below.
In February 2019, a complaint was filed against or in reference to Wesley Foltz by a customer of LPL Financial LLC alleging that recommendation of REIT investment in December 2008 was unsuitable and seeks recovery of investment losses. Per the customer, he/she lost over $50,000 because of Mr. Foltz’s actions.
In November 2018, a complaint was filed against or in reference to Wesley Foltz by a customer of Prospera Financial Services, Inc. alleging that Mr. Foltz purchased REITS for the client’s account that were unsuitable. Per the customer, he lost over $5,000 because of Mr. Foltz’s actions.
In October 2018, FINRA initiated a regulatory action against or in reference to Wesley Foltz. Without admitting or denying the findings, Foltz consented to the sanctions and to the entry of findings that he recommended certain L-share variable annuities to his customers without a reasonable basis for believing that the recommendations were suitable. The findings stated that Foltz recommended that his customers buy higher-cost share class contracts and higher-cost riders without understanding the costs and benefits of these products. As a result of Foltz’s lack of understanding of the L-share variable annuity, he was unable to inform customers of the various features of the products he was recommending, including the potential surrender charges, expenses, and charges and features of riders.
How To File A Claim Against Wesley Foltz (previously with Prospera Financial Services, Inc., LPL Financial LLC, and Capital One Investments, LLC) To Get Your Money Back.
If you have questions about Wesley Foltz, Prospera Financial Services, Inc., LPL Financial LLC, Capital One Investments, LLC, 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.