{
Edgar Rivera

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001122334455554433221100

wells fargo recovers 2.2 million from former broker in arbitration ruling

A former Wells Fargo Advisors broker, Marc W. Torres, has been ordered to pay $2.2 million for failing to repay upfront loans after leaving for J.P. Morgan in 2022. The arbitration panel ruled against his claims of breach of contract and awarded Wells Fargo the full amount sought, including attorneys' fees and costs. This case follows a trend where brokers rarely succeed in contesting promissory note claims, as seen in similar clawbacks by other firms.
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United States Dollar Credit Suisse Strategic Income I J.P. Morgan Fixed Income Opps A EUR Inc Morgan Stanley Ameriprise Financial, Inc. Wells Fargo & Company MERRILL LYNCH MLCX SX6L INDEX Lehman Brothers Holdings Capital Trust V USA CHE Marc Torres Edgar Rivera Show more
Finance & Economy, News Article
17:38 21.03.2025
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