Tr?id=566623520170033&ev=PageView&noscript=1

Wells Fargo Divisional Head Vanderveen Steps Down

Posted on January 7th, 2022 at 12:23 PM
Wells Fargo Divisional Head Vanderveen Steps Down

From the Desk of Jim Eccleston at Eccleston Law:

One of eight regional directors monitoring Wells Fargo Advisors’ private client group departed the firm last week after a leave of absence that lasted several weeks. 

According to a Wells Fargo spokeswoman, Keith Vanderveen has retired after spending the past two decades in management roles at the firm. Vanderveen had been promoted to be Southeast divisional manager last March. According to BrokerCheck, Vanderveen previously served as regional president for Wells’ Florida territory prior to March. 

Vanderveen likely ran into issues after a fired complex manager in Florida, Joseph Bruno, submitted a 4,500-word letter critiquing Vanderveen to at least 250 Wells employees and senior executives last September, according to sources familiar with the matter and as reported by AdvisorHub. While the firm did not publicly address the letter, the potential for controversy might have prompted Vanderveen to accelerate his retirement plans. Bruno was terminated last August over “workplace conduct inconsistent with Company standards relating to professionalism and anti-retaliation”, according to his Form U-5 termination notice. 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, wells fargo

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

LATEST NEWS AND ARTICLES

1787947445 Law
August 28, 2026
SEC Accuses Goliath Ventures of $425 Million Crypto Investment Ponzi Scheme

The Securities and Exchange Commission (SEC) has filed a civil complaint against Goliath Ventures Inc.

1787852053 Law
August 27, 2026
United Capital Revives Lawsuit Against Osaic

According to AdvisorHub, United Capital Financial Advisors has revived its lawsuit against independent broker-dealer Osaic by filing an amended complaint that reframes the dispute around the alleged misuse of confidential information obtained during Osaic's unsuccessful effort to acquire the firm.

1787765850 Law
August 26, 2026
FINRA Orders WestPark Capital to Pay $520,000 Over GWG L Bond Sales

The fallout from the collapse of GWG Holdings continues to affect the broker-dealers that sold the company's illiquid L bonds.