Richard Michael Wesselt Allegedly Made Unsuitable Investment Recommendations, & Engaged in Deceptive & Unfair Trade Practices

Richard Michael Wesselt, a/k/a/ Richard M. Wesselt, allegedly made unsuitable investment recommendations, and engaged in deceptive and unfair trade practices, according to a Pending Customer Dispute filed on Wesselt’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

The aforementioned dispute was filed on April 3, 2019, FINRA states, and damage amounts of $300,000 have been requested.

A second Pending Customer Dispute filed on March 27, 2019 alleges that Wesselt allegedly engaged in unsuitable investment recommendations and investment strategy, FINRA notes, and damage amounts of $350,000 have been requested.

Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Richard Wesselt’s alleged unsuitable investment recommendations, and purported deceptive and unfair trade practices. Investors who believe they may have lost money in activity related to Richard Wesselt’s alleged unsuitable investment recommendations, and purported deceptive and unfair trade practices are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Richard Wesselt Allegedly Engaged in an Unsuitable Investment Strategy & Made Misrepresentations & Omissions

Richard Wesselt allegedly engaged in unsuitable investment recommendations, and purportedly engaged in an unsuitable investment strategy and made misrepresentations and omissions, FINRA reports.

The aforementioned dispute was filed on February 21, 2019, FINRA states, and damage amounts of $220,000 have been requested.

Richard Wesselt has 15 disclosures on his FINRA BrokerCheck Report, and has 26 years in the securities industry with 6 firms, FINRA notes. He has been employed at Fortune Financial Services, Inc. in Collegeville, PA since, September 5, 2017, FINRA states, and has also been registered at the following firms:

  • The O.N. Equity Sales Company, Collegeville, PA— March 14, 2014 to September 6, 2017
  • Sterne Agee Financial Services, Inc., Jeffersonville, PA— May 15, 2002 to March 26, 2014

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Richard Wesselt’s alleged unsuitable investment recommendations, and purported deceptive and unfair trade practices. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Richard Wesselt’s alleged unsuitable investment recommendations, and purported deceptive and unfair trade practices may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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