SEC Bars Former Wells Fargo advisor Ane Plate
On Monday the SEC permanently barred former Wells Fargo Advisors broker Ane Plate from the securities industry.
According to her FINRA BrokerCheck, Ane Plate was registered with Wells Fargo Financial Network, in Deltona, FL, from 2005 through June 2014.
Plate, 60, was sentenced to 27 months in federal prison earlier this month. According to court documents, she allegedly used the money from the 15 unauthorized trades to pay her mortgage and upgrade her home. Plate admitted to the Commission’s findings as part of the settlement, the SEC said.
Brokerage firms are required to adequately supervise their agents. They must ensure they are complying with FINRA rules. The firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
If you suffered losses investing with Ane Plate, the attorneys at The White Law Group may be able to help. For a free consultation, please call (888) 637-5510.
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The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.