Richard Wesselt (CRD#: 2195569) is registered FINRA broker. Since 2017, Mr. Wesselt has been employed at Fortune Financial Services in Collegeville, Pennsylvania. Prior to that, he was associated with the O.N. Equity Sales Group, Sterne Agee Financial Services, and American Investment Services.
In the last several years, multiple investor complaints have been filed against this broker. Here, our top-rated securities fraud lawyers review the four most recent complaints against broker Richard Wesselt. All information referenced below has been sourced directly from FINRA’s public records.
Customer Complaints: Richard Wesselt
- In June of 2016, an investor filed a complaint alleging Mr. Wesselt promoted variable annuity and life insurance purchases that were unsuitable. This complaint was eventually settled for $24,257.14.
- In March of 2017, an investor filed a complaint arguing that the was negligently sold unsuitable financial products by Mr. Wesselt. This complaint was settled for $15,000.
- In August of 2018, a customer filed a claim alleging that Mr. Wesselt sold a variable annuity that was unsuitable for his investment profile and needs. This claim was settled for $25,674.00.
- In June of 2018, an investor filed a complaint arguing that this broker make unsuitable investment recommendations and material misrepresentations. This claim is still listed as pending and the investor is seeking $400,000 in compensation.
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