Articles Tagged with PNC Investments

Stoltmann Law Offices is investigating former Wells Fargo broker Philip Earl Brunson, who has been accused by the Financial Industry Regulatory Authority (FINRA) of converting customer funds. He also failed to provide FINRA with information in regards to his investigation. He entered into a Letter of Acceptance Waiver and Consent, and was subsequently barred from the securities industry.

Mr. Brunson worked for PNC Investments in Decatur, Illinois as a stockbroker and they discharged him because he “admitted to violating policy at his former firm by accepting cash gifts from his clients. Before PNC, he was employed as an investment advisor at Wells Fargo in Champaign, Illinois. A former client accused him of misappropriating funds from an investment account on January 16, 2013. The complaint was settled for $43,000. Mr. Brunson has also worked for Proactive Financial Services in Pleasantville, New York and A.G. Edwards & Sons in Champaign, Illinois. He has one customer dispute against him and was barred permanently from the industry.

If you would like to bring investment claims against Philip Earl Brunson, please contact our law offices at 312–332–4200 to speak to an attorney. We concentrate on suing brokerage firms such as Wells Fargo for failure to supervise their employees. The call is free with no obligation.

AdobeStock_49363801-1-300x200According to a recent InvestmentNews article, Adrienne M. Mennemeyer, a former broker, won $1.5 million in punitive damages and $300,000 in compensatory damages after she was terminated from PNC in December 2013. Ms. Mennemeyer was “terminated for dishonesty and a violation of PNC Bank policy,” after she closed a pending checking account application and resubmitted it to “avoid further internal risk review of the application.” Ms. Mennemeyer claimed that she did not act dishonestly. A Financial Industry Regulatory Authority (FINRA) arbitration panel said that “PNC Investments failed to produce any evidence whatsoever that Adrienne M. Mennemeyer had violated any PNC Investments policy. Her discharge was pre-textual, arbitrary and unreasonable. She, at all times, acted in a manner public policy would encourage.” The FINRA panel determined that the allegations against her had nothing to do with the securities business.

Ms. Mennemeyer was registered with Edward Jones in St. Peters, Missouri from December 2009 until January 2012, PNC Investments in Wentzville, Missouri from January 2012 until December 2013 and SagePoint Financial in Phoenix, Arizona from October 2015 until November 2015. She is currently not registered within the industry. Please call our Chicago-based law firm today if you suffered losses with Ms. Mennemeyer. We may be able to help you bring a claim against PNC for not reasonably supervising her while she was employed there. The call is free with no obligation. We take cases on a contingency fee basis only. 312-332-4200.

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