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Investor Alleges Thomas Weisenfels Misrepresented Account Fees

Thomas Weisenfels (CRD #: 2291571), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, was involved in a recent investor dispute, according to his BrokerCheck record, accessed on December 27, 2022. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On October 27, 2022, an investor alleged that Thomas Weisenfels misrepresented account fees. The firm denied this dispute.

Investors should be aware, however, that firms can deny disputes without an outside review. Investors can still seek out FINRA arbitration following a denial and may be able to recoup their losses.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other unethical means of influencing investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential returns, risks, or limitations.

Background Information

Thomas Weisenfels has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

Thomas Weisenfels is a registered broker in 33 states and the District of Columbia. He is also a registered investment adviser in Delaware, Maryland, and Texas.

Kurta Law Can Help

If you worked with Thomas Weisenfels and you have concerns about your investments, please contact us today at 877-600-0098 or 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.