Nicolas Barrios, former Winter Haven, Florida UBS branch manager and financial advisor has been barred by the Financial Industry Regulatory...Read More
Jeff Eiler: Wells Fargo Advisor Customer Complaints
Jeffrey (Jeff) Eiler, a Wells Fargo Advisors financial advisors based out of Fort Lauderdale, Florida, has 11 customer complaints on his regulatory record. Of the 11 complaints, nine are from 2015 to present and seven resulted in settlement payments to customers totaling over $300,000.
Two of the last complaints, from May and February 2017, both alleged Eiler recommended unsuitable investments. Those claims settled for $80,000 and $20,000. In 2016, two other clients alleged they were sold unsuitable investments, and those claims were settled for $50,000 and $14,999.
In 2015, Eiler received five customer complaints. The first two alleged unsuitable investments. One was denied by the firm, and the other settled for $65,000. The third customer complaint alleged breach of contract, excessive trading, and failure to follow instructions of CPA. The fourth alleged unauthorized trading, breach of contract, misrepresentation, and excessive trading. The fifth alleged that the customer’s account was overweighted in energy stocks and that the account should have been hedged against a drop in the price of oil.
Finally, in 2009 and 1995, Eiler had two more customer complaints alleging unsuitable investments. Those claims settled for $60,000 and $14,999.
According to public records, Eiler has been in the securities industry for 36 years and registered with ten different firms. Prior to his registration with Wells Fargo Advisors, Eiler was licensed with Janney Montgomery Scott, Prudential Securities, Painewebber, Nationsbanc Securities, Commvest Securities, Thomson McKinnon Securities, First Jersey Securities, Investacorp, and Useden Securities.
If you were sold unsuitable investments by a financial advisor, please contact us at (305) 965-1373 for a free consultation.