WELLS FARGO CLEARING SERVICES, LLC of ST. LOUIS, MO is an SEC-registered investment adviser (CRD 19616). Regulatory assets under management: $671.4B. This firm reports disciplinary history on Form ADV.
Compensation: % of AUM, Fixed, Commissions.
Clients served: Individuals, High net worth, Pooled vehicles, Pensions, Charities, Other.
Showing 25 of 74 people.
| Name | Role | Location |
|---|---|---|
| Rakesh Patel | CHIEF FINANCIAL OFFICER / BOARD OF MANAGERS | Vancouver, A1 |
| Michael Liersch | WIM HEAD OF ADVICE & PLANNING / BOARD OF MANAGERS / CONTROL PRINCIPAL | — |
| Barry Sommers | CHIEF EXECUTIVE OFFICER / BOARD OF MANAGERS | — |
| Sol Gindi | PRESIDENT / HEAD OF WIM DISTRIBUTION / BOARD OF MANAGERS / CONTROL PRINCIPAL | — |
| Paul Lacey | PRINCIPAL OPERATIONS OFFICER / CONTROL PRINCIPAL | — |
| Kimberly Crowder Ta | WEALTH CLIENT MANAGEMENT SENIOR EXECUTIVE/CONTROL PRINCIPAL | — |
| Erik Anthony Karanik | BOARD OF MANAGERS | — |
| Darrell Cronk | HEAD OF INVESTMENT SOLUTIONS / WIM CHIEF INVESTMENT OFFICER / BOARD OF MANAGERS / CONTROL PRINCIPAL | — |
| David Ward Saunders | DESIGNATED STATE PRINCIPAL | — |
| Christos G Tsamadias | CHIEF COMPLIANCE OFFICER | — |
| Prasanna Someshwar | HEAD OF BANKING, LENDING & TRUST / CONTROL PRINCIPAL | — |
| MOYA MODESTO | SROP | — |
| OCHS ROGER CARLTON | OUTSIDE MANAGEMENT COMMITTEE MEMBER | — |
| BURKE WALTER THOMAS | SENIOR REGISTERED OPTIONS PRINCIPAL | — |
| KELLY DOUGLAS LAIRD | CHIEF LEGAL OFFICER; CHIEF LEGAL OFFICER / SECRETARY; COUNSEL / SECRETARY / EXECUTIVE COMMITTEE MEMBER (+7 more) | — |
| MILLER PETER MALLORY | BOARD MANAGER/CO-HEAD OF FINANCIAL SERVICES GROUP; BOARD MANAGER/CO-HEAD OF FINANCIAL SERVICES GROUP/EXECUTIVE COMMITTEE MEMBER; BOARD MANAGER/EXECUTIVE COMMITTEE MEMBER (+4 more) | — |
| ATKIN MARY MARGARET | CHIEF ADMINISTRATIVE OFFICER; CHIEF ADMINISTRATIVE OFFICER / EXECUTIVE COMMITTEE MEMBER; CHIEF ADMINISTRATIVE OFFICER/MANAGEMENT COMMITTEE MEMBER / EXECUTIVE COMMITTEE MEMBER (+3 more) | — |
| BAGBY ROBERT LEE | CHAIRMAN OF THE BOARD OF MANAGERS | — |
| KESSLER RONALD JAMES | CHIEF OPERATIONS OFFICER; CHIEF OPERATIONS OFFICER/MANAGEMENT COMMITTEE MEMBER | — |
| UNDERWOOD BRIAN CLINTON | CHIEF COMPLIANCE OFFICER | — |
| PORTER JOSEPH GRANT | MANAGEMENT COMMITTEE MEMBER | — |
| VITT GREGORY PHILLIP | MANAGEMENT COMMITTEE MEMBER | — |
| DIEDERICH GENE MICHAEL | MANAGEMENT COMMITTEE MEMBER | — |
| PARKER JOHN CHARLES II | CHIEF OPERATING OFFICER / BOARD OF MANAGERS; CHIEF OPERATING OFFICER (OPERATIONS) / HEAD OF BUSINESS SERVICES GROUP; CHIEF OPERATING OFFICER (OPERATIONS) / HEAD OF BUSINESS SERVICES GROUP/BOARD OF MANAGERS (+8 more) | — |
| DAGGS CHARLES WILLARD III | EXECUTIVE COMMITTEE MEMBER; OUTSIDE EXECUTIVE COMMITTEE MEMBER; OUTSIDE MANAGEMENT COMMITTEE MEMBER/OUTSIDE EXECUTIVE COMMITTEE MEMBER | — |
Showing 10 of 325 distinct disclosure events.
| Initiated | Type | Allegations | Status | Amount |
|---|---|---|---|---|
| 2026-04-13 | regulatory | THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") ALLEGED THAT WELLS FARGO CLEARING SERVICES, LLC ("WFCS"), FROM JANUARY 2018 THROUGH JULY 2022, FAILED TO REPORT CERTAIN FRACTIONAL SHARE TRADES TO THE FINRA/NASDAQ TRADE REPORTING FACILITY ("FNTRF") OR THE OVER-THE COUNTER REPORTING FACILITY ("OR… | Final | $125K |
| 2026-01-08 | regulatory | THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") ALLEGED THAT WELLS FARGO CLEARING SERVICES, LLC ("WFCS"), FROM NOVEMBER 2016 THROUGH NOVEMBER 2023: FAILED TO TIMELY CANCEL OR CLOSE OUT 209 FAILED INTER-DEALER MUNICIPAL SECURITIES TRANSACTIONS TOTALING APPROXIMATELY $6.5 MILLION AND FAILED TO T… | Final | $1.3M |
| 2025-08-11 | regulatory | THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") ALLEGED THAT, AT LEAST FROM JUNE 2019 THROUGH NOVEMBER 2024, WELLS FARGO CLEARING SERVICES, LLC ("THE FIRM") FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM, INCLUDING WRITTEN SUPERVISORY PROCEDURES ("WSPS"), REASONABLY DESIGNED TO ACHIEVE… | Final | $275K |
| 2025-05-19 | regulatory | THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") ALLEGED THAT, FROM JANUARY 2014 THROUGH MARCH 2022, WELLS FARGO CLEARING SERVICES, LLC ("THE FIRM") FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM, INCLUDING WRITTEN SUPERVISORY PROCEDURES, REASONABLY DESIGNED TO SAFEGUARD CUSTOMER INFORMA… | Final | $150K |
| 2025-04-28 | regulatory | THE STATE OF CALIFORNIA DEPARTMENT OF INSURANCE ("DEPARTMENT") ALLEGED THAT WELLS FARGO CLEARING SERVICES, LLC ("WFCS") FAILED TO TIMELY DISCLOSE CERTAIN ADMINISTRATIVE ACTIONS TO THE DEPARTMENT, IN VIOLATION OF CALIFORNIA INSURANCE CODE SECTION 1729.2, AND TO TIMELY RESPOND TO AN INQUIRY FROM THE D… | Final | $3K |
| 2025-04-28 | regulatory | THE STATE OF CALIFORNIA DEPARTMENT OF INSURANCE ("DEPARTMENT") ALLEGED THAT WELLS FARGO CLEARING SERVICES, LLC ("WFCS") FAILED TO TIMELY DISCLOSE CERTAIN ADMINISTRATIVE ACTIONS TO THE DEPARTMENT, IN VIOLATION OF CALIFORNIA INSURANCE CODE SECTION 1729.2, AND TO TIMELY RESPOND TO AN INQUIRY FROM THE D… | Pending | — |
| 2025-01-17 | regulatory | THE SECURITIES AND EXCHANGE COMMISSION ("SEC") ENTERED INTO A SETTLEMENT ORDER WITH WELLS FARGO CLEARING SERVICES, LLC ("WFCS") AND WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC ("WFAFN") (COLLECTIVELY, THE "FIRMS") TO SETTLE AN ADMINISTRATIVE ACTION WHICH ALLEGED THAT, FROM 2019 THROUGH MAY 2024, THE… | Final | $28.0M |
| 2025-01-16 | regulatory | BLOOMBERG SEF LLC ("BLOOMBERG SEF") ALLEGED THAT WELLS FARGO BANK, NATIONAL ASSOCIATION ("THE FIRM") FAILED TO TIMELY NOTIFY BLOOMBERG SEF AFTER AN ERRONEOUS TRADE WAS DISCOVERED, IN VIOLATION OF BLOOMBERG SEF RULE 516. | Final | $1K |
| 2024-12-20 | regulatory | THE SECURITIES AND EXCHANGE COMMISSION ("SEC") ALLEGED THAT WELLS FARGO CLEARING SERVICES, LLC (THE "FIRM"), FROM JULY 20, 2018 THROUGH FEBRUARY 24, 2023, IN RESPONSE TO REQUESTS FROM THE SEC, MADE APPROXIMATELY 11,195 ELECTRONIC BLUE SHEETS SUBMISSIONS TO THE SEC THAT CONTAINED INACCURATE INFORMATI… | Final | $900K |
| 2024-12-20 | regulatory | THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") ALLEGED THAT, FROM AT LEAST 2011 THROUGH FEBRUARY 2023, WELLS FARGO CLEARING SERVICES, LLC ("THE FIRM") SUBMITTED APPROXIMATELY 22,000 BLUE SHEETS TO FINRA THAT CONTAINED INACCURATE INFORMATION, IN VIOLATION OF FINRA RULES 8211, 8213, AND 2010. | Final | $900K |