George Thoreson, formerly of Wells Fargo, Barred from Securities Industry
Have you lost money with financial advisor George Thoreson of Seattle, Washington? We are investigating allegations made by the Securities and Exchange Commission (SEC), against George R. Thoreson. The SEC barred Thoreson from the securities industry.
The SEC was investigating George Thoreson regarding allegations that he engaged in a scheme to manipulate the stock price of Abakan, Inc. Abakan was a penny stock at the time but has since been in Receivership, meaning investors who held Abakan stock have likely suffered losses.
George Thoreson was a financial advisor and registered representative of Wells Fargo from October 2008 to November 2013. He worked at a branch office in Bellevue, Washington. Thoreson was terminated by Wells Fargo related to Abakan.
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 Bellevue, Washington; Vancouver, Washington; and Denver, Colorado. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout the Seattle area, including in Edmonds, Shoreline, Kirkland, Bellevue, Redmond, Bothell, Woodinville, Renton, Kent, Issaquah, and many others. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Wells Fargo.
Click to view: Thoreson, George SEC Order
Click to view: Thoreson, George BrokerCheck 9.18.17
If you lost money with George Thoreson or Wells Fargo, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.