Wachovia Securities - Prudential Securities
Wachovia Securities was the securities subsidiary of Wachovia Corporation. In 2003, Wachovia Securities merged with Prudential Securities, making it the third largest full-service brokerage firm in the U.S. During the recent U.S. subprime mortgage crisis, Wachovia found itself struggling and was acquired by Wells Fargo on December 31, 2008. In 2009, Wachovia Securities became Wells Fargo Advisors.
A securities brokerage firm licensed by FINRA, Wells Fargo Advisors has a legal duty to supervise its brokers and its brokers' recommendations to clients to ensure compliance with and prevent violations of the rules of the security industry. When an individual broker is negligent or acts in an unlawful manner against the interests of the client and that client suffers damages as a result of such wrongdoing, the firm may be held liable for the investor's losses.
The law firm of Meyer Wilson has the experience, expertise and financial resources to represent clients with investor claims against securities brokerage firms such as Wells Fargo Advisors. Our firm represents clients with investor claims in federal and state courts, and in arbitration through The Financial Industry Regulatory Authority (FINRA), the American Arbitration Association (AAA) and private arbitration. We also represent international clients with claims against brokerage firms in the United States through FINRA.
To determine whether you have a case against Wachovia Securities/Wells Fargo Advisors for your losses, call us toll-free at 1.866.827.6537 or complete our online form for a free case evaluation.