Paul Liebman, formerly with Wells Fargo, Suspended Two Months by FINRA
Have you lost money with financial advisor Paul Liebman? We are looking into allegations made about Paul G. Liebman from Melville, New York. FINRA (the Financial Industry Regulatory Authority) suspended Liebman from the securities industry for two months. FINRA alleged that Liebman borrowed $16,000 from a client who was not a family member, and without notifying his brokerage firm Wells Fargo.
Paul Liebman was a financial advisor and registered representative of Wells Fargo from May 2014 to February 2019. He worked in a branch office in Melville, New York. He was also terminated by Wells Fargo for this alleged conduct.
Brokerage firms like Wells Fargo have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Wells Fargo.