Wells Fargo Advisors has won a $931,000 FINRA arbitration award from an adviser it fired in 2013.
Robert Edward Loftus was ordered to pay his former employer a total of $930,874 for allegedly failing to repay three promissory notes, according to a copy of a recent FINRA arbitration award. He was also ordered to pay $300,000 to cover Wells Fargo's legal fees.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access