FINRA Reportedly Bars Tyler Rigsbee after Allegations of Misdirection of Client’s funds
According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred financial advisor Tyler Rigsbee (CRD #6351278) from working in the securities industry after he allegedly failed to provide information in its investigation.
Rigsbee’s member firm, Wells Fargo, in Sacramento, CA reportedly disclosed that he had been allegedly discharged during the course of an internal review where “documents appear to show that client funds were received in his personal bank account after being transferred from the firm to a third party broker dealer, and then on to his bank account, without permission from clients,” according to FINRA.
His FINRA broker profile indicates that Rigsbee was reportedly affiliated with Wells Fargo in Sacramento, California from 10/25/2016 until he was allegedly discharged on 04/09/2021. Prior to that he worked for Edward Jones in Eldorado Hills, CA for two years, according to FINRA.
Filing a Complaint against your Brokerage Firm
The White Law Group is investigating FINRA arbitration cases involving financial advisor Tyler Rigsbee and the liability Wells Fargo may have for failure to properly supervise him.
When brokers abuse client accounts and conduct transactions that violate securities laws, such as making unsuitable investment recommendations, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you suffered losses investing with Tyler Rigsbee and Wells Fargo, the securities attorneys at The White Law Group may be able to help you. Please call 888-637-5510 for a free consultation, or visit us on the web at www.whitesecuritieslaw.com.
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.