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Felix-Albert Desmangles Allegedly Misled Executor

Felix-Albert Desmangles (CRD #: 5658573), a broker registered with Wells Fargo Clearing Services, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on November 7, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On September 2, 2022, the executor of a client’s estate alleged that Felix-Albert Desmangles misled him that his account would not be at risk, during the period between November 3, 2020, and the date of filing. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an outside review. Investors can still seek out FINRA arbitration and potentially recover their funds after a denial.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deception, manipulation, and other unethical means of influencing the purchase or sale of securities. The misrepresentation or omission of information, including an investment’s risks or limitations, violates this rule.

Background Information

Felix-Albert Desmangles has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Felix-Albert Desmangles is a registered broker in Arizona, Idaho, Nevada, and Wisconsin. He is also a registered investment adviser in Arizona.

He has also worked for the following firms:

  • J.P. Morgan Securities (CRD#:79)
  • Chase Investment Services (CRD#:25574)
  • Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Felix-Albert Desmangles and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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