Additional Clients of Alfred C. Chen of Wells Fargo Investments, LLC retain Evers Law Group to recover losses in Reverse Convertible Securities

The Evers Law Group, PC has again been retained by former clients of Alfred C. Chen, a financial advisor with Wells Fargo Investments, LLC in Roseville, California, as a result of substantial losses sustained in their investment accounts following their purchase of high risk securities known as Reverse Convertible Securities. According to FINRA and its public disclosure of events and details arising from Mr. Chen's activities as a licensed broker, as of May 22, 2009, Mr. Chen has had approximately four complaints brought against him by former clients for placing them in investments that were not suitable for their risk profile. These complaints and unsuitable investments center around the sale of Reverse Convertible Notes. According to Mr. Chen's CRD, there have been over a quarter million dollars in settlement monies paid to various investors who were improperly recommended high risk investment in Reverse Convertible Notes.

A further review of Mr. Chen's FINRA CRD report indicates that as a result of Mr. Chen's actions, he was discharged on November 26, 2008, from Wells Fargo Investments, LLC. It would appear, based upon the FINRA CRD report that this termination and the previously mentioned customer complaints arose from the sale of Reverse Convertibles Notes and exchange traded funds. Should you or your relatives be victims of investment losses arising from the purchase of Reverse Convertible Securities or Mr. Chen's investment strategy, please contact the Evers Law Group for a complimentary analysis of any potential claims you may have. You can contact Evers Law Group by phone at (916) 974-3000 or by email at g.evers@everslaw.com.