A Waltham farmer was awarded $121,569 in his claim that Wells Fargo Financial Network, LLC invested his funds in high-risk investments which were not part of his stated investment goals, an arbitration panel decided on Feb. 16.

The Financial Industry Regulatory Authority (FINRA) panel said Dennis Meyers would receive $115,855.81 in compensatory damages. The balance of the award reflected interest and fees dating from May 1, 2017.

According to Meyers’ attorneys, Goodman & Nekvasil, Meyers opened an account with Wells Fargo — formerly A.G. Edwards and Wachovia Securities — in January 2009. Meyers alleged that its agent recommended that Meyers invest $206,137 in high-risk energy investments; Meyers lost $102,941 of the initial total.

Meyers claimed that the agent misrepresented the risks of the investments, and the annual expenses on annuities.