Michael Trethewey Fired from Wells Fargo Clearing Services for Alleged Unapproved Investment
Michael Trethewey (CRD #: 2964914), a broker registered with Prospera Financial Services, was fired from his previous firm, according to his BrokerCheck record, accessed on May 11, 2023. Read on if you have questions about his alleged conduct as a broker.
Termination from Wells Fargo Clearing Services
On March 10, 2023, Michael Trethewey was fired from Wells Fargo Clearing Services while allegedly under investigation by the firm for making a personal outside investment without receiving approval from the firm.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
FINRA Rule 3280
FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions.
On April 9, 2018, multiple investors filed a dispute alleging that Michael Trethewey made misrepresentations in 2017 with regard to a recommendation to liquidate their annuities and the tax consequences of doing so. This dispute was settled for $135,000.
FINRA Rule 2020
FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent means of influencing investors’ decisions. The misrepresentation or omission of material facts violates this rule.
Michael Trethewey has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 31 – Futures Managed Funds Examination
- Series 7 – General Securities Representative Examination
Michael Trethewey is a registered broker in Florida states and a registered investment adviser in Florida and Texas.
He has also worked for the following firms:
- Wells Fargo Clearing Services (CRD#:19616)
- Morgan Stanley (CRD#:149777)
- Morgan Stanley & Company (CRD#:8209)
- Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
Kurta Law Can Help
If you worked with Michael Trethewey and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.