Robert McMann: Annuity, Bond Complaints Against Wells Fargo Rep

Robert McMannPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 9, 2019 indicate that Florida-based Wells Fargo Clearing Services broker/adviser Robert McMann has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. McMann (CRD# 1663189).

Robert McMann has spent 31 years in the securities industry and has been registered with Wells Fargo Clearing Services in Lake Mary, Florida since 2013. Previous registrations include Morgan Stanley in Lake Mary, Florida (2009-2013); Citigroup Global Markets in Lake Mary, Florida (2006-2009); Legg Mason Wood Walker in Lake Mary, Florida (2000-2006); Salomon Smith Barney in New York, New York (1994-2000); Painewebber in Weehawken, New Jersey (1990-1994); Prudential-Bache Securities in New York, New York (1988-1990); and Shearson Lehman Hutton (1987-1988). He has passed eight securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on November 29, 2000; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 11, 1987; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 31 (Futures Managed Funds Examination), which he obtained on August 18, 2004; Series 5 (Interest Rate Options Examination), which he obtained on September 10, 1991; Series 7 (General Securities Representative Examination), which he obtained on April 25, 1987; Series 10 (General Securities Sales Supervisor – General Module Examination), which he obtained on September 16, 2003; and Series 9 (General Securities Sales Supervisor – Options Module Examination), which he obtained on September 5, 2003. He is a registered broker and investment adviser with 20 US states and territories.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and four customer complaints that were closed, denied, or withdrawn.

In October 2018 a customer alleged Robert McMann, while employed at Wells Fargo Advisors, rolled the funds from a qualified annuity liquidation into a non-qualified account. The customer is seeking unspecified damages in the pending complaint.

In 2009 a party of customers alleged Robert McMann, while employed at Citigroup Global Markets, misrepresented the risk involved in mortgage-backed bond investments. The complaint settled in 2011 for $50,000.

In 2008 a customer alleged Robert McMann, while employed at Citigroup Global Markets, misrepresented material facts related to a bond investment. The customer sought unspecified damages in the complaint, which was denied.

In 2008 a customer alleged he, while employed at Citigroup Global Markets, misrepresented the duration of an investment. The customer sought unspecified damages in the complaint, which was withdrawn.

In 2005 a customer alleged he, while employed at Citigroup Global Markets, recommended unsuitably risky investments. The customer sought $30,000 in damages in the complaint, which was denied.

If you or someone you know has lost money investing with Robert McMann, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.