Like California, Chicago has decided to cut business ties with Wells Fargo (WFC) for one year due to the prevalence of bank accounts being opened without customer consent.
But government entities aren’t the only ones unhappy with the San Francisco-based business.
Former investor-client Lacy Harber took out full-page ad in several newspapers across the country on Thursday to highlight his displeasure with Wells Fargo Advisors. The ads appeared in The New York Times, Dallas Morning News, San Francisco Chronicle and The Charlotte Observer.
The ads call for Congress to look into Wells Fargo’s brokerage business, which Harber claims cost him about $6 million. The ad’s headline reads: “Greed. Dishonesty. Betrayal.”
The Denison, Texas resident said he was buying close to $35 million of stocks on margin when the Dow Jones index was declining on Aug. 24, 2015.