Scott Wendelin: Wells Fargo Advisor Faces $495K Complaint

A recent investor complaint against Beverly Hills, California financial advisor Scott Wendelin (CRD# 1146303) alleges that his advice resulted in damages exceeding $400,000. Financial Industry Regulatory Authority records show that he is currently registered as a broker with Wells Fargo Clearing Services and an investment advisor with Wells Fargo Advisors.

Mr. Wendelin’s BrokerCheck report discloses one investor complaint. Filed in 2023, it alleges that as a representative of Wells Fargo Clearing Services, he recommended improper and unsuitable investments and “disregarded the purported duty to monitor and make suitable investment recommendations.” The pending complaint alleges damages of $495,000.

Wells Fargo’s website includes a profile of Mr. Wendelin in which he describes his approach to working with his clients. “As a Financial Advisor with Wells Fargo Advisors, I can deliver a full range of investment planning strategies tailored to your unique needs,” he states. Whether you are investing for retirement, education expenses or some other goal, I will help you make informed decisions about your investment strategy. You have access to additional resources available through affiliates, including trust and estate services, insurance products, and much more.”

According to the Financial Industry Regulatory Authority, Scott Wendelin holds 39 years of securities industry experience. Based in Beverly Hills, California, he has been registered with Wells Fargo since 2016. His past registrations include Credit Suisse Securities, AllianceBernstein, Sanford C. Bernstein & Company, Prospect Financial Advisors, Tucker Anthony, Sutro & Company, Salomon Brothers, AG Becker Paribas, and Warburg Paribas Becker. His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Introducing Broker/Dealer Financial Operations Principal Examination, or Series 28; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alaska, California, the District of Columbia, Nevada, Ohio, Texas, and Virginia. (Information current as of June 5, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.