Former Wells Fargo Broker Barred by FINRA
by
Lars Kristian Soreide on May. 12, 2016
Summary: A former Wells Fargo broker from Pennsylvania was barred by FINRA over allegations of theft from clients accounts.
Former Wells Fargo & Co broker, CHRISTOPHER J. PIERCE (CRD# 5143454) Alternate Names: CHRIS PIERCE, CHRISTOPHER JOHN PIERCE, was barred by FINRA following allegations that he stole from clients’ bank accounts. According to FINRA, Pierce was employed as a personal banker at a Wells Fargo Bank branch in Pennsylvania.
FINRA stated that in March, Pierce issued an instant debit card with a daily withdrawal limit of $1,500 in the name of a Wells Fargo Bank client. Christopher J. Pierce used the card to make two unauthorized ATM withdrawals totaling $1,380 for his own personal use. After a complaint was made at the branch office, according to FINRA’s findings, Pierce also made an unauthorized withdrawal of $1,380 from another client's account and deposited the funds into the first client's account in an effort to conceal his misconduct.
Christopher J. Pierce, was registered with Wells Fargo Advisors in January of 2014 and was terminated in March of 2016, according to FINRA’s BrokerCheck.. FINRA has permanently barred Chris Pierce from acting as a broker or otherwise associating with firms that sell securities to the public.
Christopher
J. Pierce worked in the securities industry for 9 years, and was registered
with the following firms:
02/2014 - 03/2016 WELLS FARGO ADVISORS, LLC - EXTON, PA
06/2006 - 12/2013 VANGUARD MARKETING
CORPORATION - MALVERN, PA
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