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Former Wells Fargo Broker Terrence Puricelli Permanently Barred by Regulators

Former Wells Fargo Advisors, LLC broker Terrence Puricelli was recently barred by FINRA after he failed to cooperate with an investigation into allegations of misconduct. In 2016, Puricelli was discharged from Wells Fargo due to concerns about time and price discretion and the inaccuracy of notes in the firm's system, and FINRA started an investigation relating to the events surrounding his termination. The agency barred Puricelli in November 2018 after he failed to provide them with information related to his discharge from Wells Fargo.

Puricelli, who had worked in the financial services industry since 2000, faced three customer disputes between 2008 and 2016. One of those disputes settled in June 2016 and was related to the alleged unsuitable and unauthorized purchases in a customer's IRA. Two other customers complained about the suitability of the unit investment trust and annuity sold to them by Puricelli.

Did You Lose Money While Investing with Terrence Puricelli?

Our firm represents investors nationwide who have lost money because of broker misconduct. If you suffered financial losses while working with Puricelli and you believe the investments he recommended were unsuitable for your situation, Meyer Wilson would like to hear from you. Because it was the responsibility of Wells Fargo Advisors, LLC to properly supervise Puricelli, you may be able to recover some or all of your losses from the firm. Give our team of experienced investment fraud attorneys a contact us today for a consultation.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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