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John Lenarz: Customer Complaints Against Wells Fargo Rep

John Lenarz

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 9, 2019 indicate that North Dakota-based Wells Fargo Clearing Services broker/adviser John Lenarz has received customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Lenarz (CRD# 4059696).

John Lenarz has spent 19 years in the securities industry and has been registered with Wells Fargo Clearing Services in Dickinson, Bowman, Mandan and Bismarck, North Dakota since 2011. Previous registrations include Wells Fargo Investments in Wahpeton, North Dakota (2001-2011) and Edward Jones in St. Louis, Missouri (2000-2001). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on February 15, 2002; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 29, 1999; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; and Series 7 (General Securities Representative Examination), which he obtained on December 27, 1999. He is a registered broker and investment adviser with 20 US states and territories: Arizona, Arkansas, California, Colorado, Delaware, Florida, Idaho, Kentucky, Michigan, Minnesota, Montana, Nebraska, Nevada, New York, North Carolina, North Dakota, South Dakota, Texas, West Virginia, and Wisconsin.

According to his BrokerCheck report, he has received two customer complaints and one denied customer complaint.

In October 2018 a customer alleged John Lenarz, while employed at Wells Fargo Advisors, failed to inform him that there would be commission charges on trades executed “within 10 days after the advisory program was terminated.” The complaint settled for more than $64,700.

In 2015 a customer alleged John Lenarz, while employed at Wells Fargo Advisors, assured him that certain mutual fund investments were safe when in fact they later declined in value. The customer sought $30,000 in damages in the complaint, which was denied.

In 2008 a customer alleged John Lenarz, while employed at Wells Fargo Investments, sold an auction rate security prior to the widespread illiquidity in the market for auction rate securities. The complaint settled with the firm’s repurchase of the securities at par value, for $50,000.

If you or someone you know has lost money investing with John Lenarz, call 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.

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