Paul Trimber, Wells Fargo Advisor, Allegedly Converted Senior Customer’s Funds 

According to public records, FINRA, the broker-dealer regulator, has barred former Wells Fargo financial advisor Paul Trimber (CRD#: 2765260) from the securities industry. 

On February 29, 2024, Wells Fargo filed a Uniform Termination Notice for Securities Industry Registration (Form U5) disclosing that Trimber had been discharged after he admitted to making unauthorized transfers of client funds to recipients outside the firm.  

Without admitting or denying the findings, Trimber reportedly refused to provide documents and information requested by FINRA in connection with its investigation into whether he converted a senior customer’s funds for his personal use and benefit. 

According to FINRA, Trimber reportedly refused to provide information in its investigation, leading to the bar. 

 FINRA Rule 2150 prohibits any member or person associated with a member from making improper use of a customer’s securities or funds. It also prohibits any guarantee against a customer’s loss or sharing in a customer’s account. 

FINRA BrokerCheck Report – Paul Trimber   

According to this FINRA BrokerCheck report, Paul Trimber was affiliated with the following firms during his career in the securities industry: 

07/01/2003 – 02/29/2024, WELLS FARGO CLEARING SERVICES, LLC (CRD#:19616), ALEXANDRIA, VA,
B, 08/13/1996 – 07/01/2003, PRUDENTIAL SECURITIES INCORPORATED (CRD#:7471), NEW YORK, NY 

The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA. 

You can use the tool to verify if a broker or brokerage firm is registered with FINRA, review their employment history, licensing status, and any regulatory actions or complaints filed against them. 

Recovery of Investment Losses 

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. 

 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. 

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. Our firm has handled over 700 FINRA arbitration claims on behalf of investors. 

Free consultation 

If you have suffered losses investing with Paul Trimber and Wells Fargo, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.    

Paul Trimber,Wells Fargo, FINRA sanctions, broker investigation