Stoltmann Law Offices is investigating Robert Versaggi, a former registered representative with Wells Fargo. He recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) in which he was fined $5,000 and suspended from the industry for 30 days. Versaggi allegedly engaged in an undisclosed outside business activity when a customer paid $70,000 to a company, jointly owned by Versaggi and two of his family members, that managed the remodeling of his home. Versaggi did not provide written notice to his member firm, Wells Fargo, about the transaction. This is against securities rules and regulations.
Robert Versaggi was registered with Thomson McKinnon Securities in New York, New York from July 1986 until September 1989, Prudential Securities in New York, New York from September 1989 until December 1992, A.G. Edwards & Sons in Boca Raton, Florida from November 1992 until January 2008 and Wells Fargo Advisors in Boca Raton from January 2008 until July 2014. He has one customer dispute against him. He is not licensed within the industry.
If you invested money with Robert Versaggi, please call our securities law offices at 312-332-4200 to speak to an attorney about your losses. The call is free with no obligation. We take cases on a contingency fee basis, so we only make money if you recover it. We sue firms such as Wells Fargo, for failing to reasonably supervise their brokers, in the FINRA arbitration forum.