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Charles Frieda Facing 11 Customer Complaints

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Charles FriedaPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 27, 2016 indicate that California-based Wells Fargo Advisors broker/adviser Charles Frieda is the subject of a dozen settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Frieda (CRED# 5502319).

Charles Frieda has spent seven years in the securities industry and has been registered with Wells Fargo Advisors in Irvine, California since 2012. Previous registrations include Morgan Stanley in Brea, California (2009-2012) and Citigroup Global Markets in Brea, California (2008-2009). He is a registered broker and investment adviser in 10 US states and territories: Arizona, California, Colorado, Delaware, Hawaii, Illinois, Nebraska, North Carolina, Tennessee, and Texas.

According to his BrokerCheck report, Charles Frieda is the subject of 11 customer complaints and seven pending customer complaints.

In December 2015, a customer alleged that Charles Frieda, while employed at Wells Fargo Advisors, recommended unsuitable investments. The complaint settled in February 2016 for $16,000.

In October 2015, a claimant alleged that Charles Frieda, while employed at Wells Fargo Advisors, misrepresented material facts and was negligent with the portfolio. The complaint settled in February 2016 for more than $19,700.

In October 2015, a claimant alleged that Charles Frieda, while employed at Wells Fargo Advisors, misrepresented material facts and was negligent with the portfolio. The complaint settled in February 2016 for more than $180,200.

In November 2015, a claimant alleged that Charles Frieda, while employed at Wells Fargo Advisors, recommended unsuitable investments. The complaint settled in February 2016 for more than $163,750.

In November 2015, a customer filed a complaint, alleging that she was unhappy with energy-heavy stocks recommended by Charles Frieda while he was employed at Wells Fargo Advisors. The complaint settled in February 2016 for $75,000.

In October 2015, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, recommended unsuitable investments in high-risk small cap energy stocks. The complaint settled in March 2016 for $90,000.

In January 2015, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, unsuitably concentrated stocks in the energy sector, “particularly HK, MHR and MHR preferred debt,” and failed to rebalance the portfolio as agreed. The complaint settled in February 2016 for $87,800.

In January 2015, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, unsuitably concentrated the portfolio in small-cap energy investments. The complaint settled in February 2016 for $195,000.

In 2014, a customer alleged that Charles Frieda, while employed by Wells Fargo Advisors, recommended unsuitable investments. The complaint settled in June 2015 for $334,000.

If you have suffered losses while investing with Charles Frieda, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency—we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.