ALAN CRAIG NAGER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 3820 EL DORADO HILLS BLVD STE 402, EL DORADO HILLS, CA, 95762.
ALAN CRAIG NAGER has worked at WELLS FARGO CLEARING SERVICES, LLC since January 01, 2008
ALAN CRAIG NAGER has 4 Disclosure Event(s).
Date: November 30, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT INVESTMENTS WERE TO BE CONSERVATIVE BUT HAS LEARNED THAT THE STOCKS INVESTED IN ARE NOT CONSERVATIVE. FURTHER, SHOULD HAVE BEEN INVESTED IN INCOME PRODUCING SECURITIES. ALLEGES DAMAGES, NOT SPECIFIED, BELIEVED TO EXCEED $5,000. (07/01/2003 - 06/11/2009) Broker Comment: ALL INVESTMENTS WERE APPROPRIATE AT THE TIME THEY WERE MADE.
Date: November 02, 1995 Category: Customer Dispute Allegations: COURT DISMISSED STATE COURT ACTION FORMISREPRESENTATION AND CUSTOMER FILED ARBITRATION CLAIM AGAINST FIRM ONLY FOR LOSSES FROM LIMITED PARTNERSHIPS PURCHASED BETWEEN 1983 AND 1987. Settlement Amount: $52,500.00 Broker Comment: CUSTOMER`S ARBITRATION CLAIM WAS SETTLED FOR $52,500.00. FIRM DID NOT SEEK CONTRIBUTION FROM REGISTERED REPRESENTATIVE. I DENY ANY WRONGDOING IN THE SALE OF THISCUSTOMER`S LIMITED PARTNERSHIPS. MY RECOMMENDATIONS WERE MADE BASED SOLELY UPON INFORMATION PROVIDED BY MY EMPLOYER. I WAS THE VEHICLE FOR AN ATTEMPTED CLASS ACTION. WHEN THE COURT SAID NO I WAS DISMISSED FROM THE ACTION. I WAS DISMISSED PRIOR TO THE SETTLEMENT.
Date: March 22, 1994 Category: Customer Dispute Allegations: CUSTOMER ALLEGED FIRM AND REGISTEREDREPRESENTATIVE MADE MISREPRESENTATIONS REGARDING SAFETY ANDSUITABILITY OF INVESTING $514,500.00 BETWEEN 1984 & 1987 IN TAXSHELTERS AND LIMITED PATNERSHIPS. Damage Amount Requested: $500,000.00 Damages Granted: $601,123.86 Broker Comment: ALTHOUGH ARBITRATION PANEL FOUND THAT CUSTOMERWAS RESPONSIBLE FOR 25% OF HIS LOSSES ATTORNEY'S FEES, AAAISSUED AN AWARD DIRECTING FIRM AND REGISTERED REPRESENTATIVE TOPAY $595,500.00 IN DAMAGES AND FEES TO CUSTOMER PLUS INTERESTAND $5,623.87 IN MISCELLANCEOUS ARBITRAITON FEES.CUSTOMER WAS REFERRED TO ME FOR TAX SHELFTER BYHIS CPA WHO ACTED AS HIS PURCASE REPRESENTATIVE. THEINVESTMENTS CUSTOMER MADE PROVIDED THE TAX BENEFITS AND THECLIENTS STATED NEEDS.
Date: October 21, 1993 Category: Customer Dispute Allegations: THE ABOVE CLIENT(S) SUBMITTED CLAIM FORM(S)TO THE CLAIMS RESOLUTION PROCESS RELATING TO LIMITEDPARTNERSHIP PURCHASE(S) DURING THE PERIOD: 7/83-10/84. THEABOVE MENTIONED REGISTERED REPRESENTATIVE WAS THE BROKER OFRECORD AT THE TIME OF THE PURCHASE(S). NO DAMAGES ARE ALLEGED,BUT THE AMOUNT(S) OF ACTUAL LOSS (OUT-OF-POCKET) IS/AREAPPROXIMATELY: $57,399 Damage Amount Requested: $57,399.00 Settlement Amount: $36,104.00 Broker Comment: SETTLEMENT(S) WITH THE ABOVE CLIENT(S)HAS/HAVE BEEN REACHED IN THE CLAIMS RESOLUTION PROCESS. THEDOLLAR AMOUNT(S) OF THE SETTLEMENT(S) IS/ARE APPROXIMATELY:$36,104THIS MATTER RESULTED FROM THE UNPRECEDENTED,UNSOLICITED MAILING OF CLAIM FORMS BY PSI TO OVER 340,000INVESTORS WHO PURCHASED LIMITED PARTNERSHIPS THROUGH PSI FROMJANUARY 1, 1980 TO JANUARY 1, 1991. THE ABOVE REFERENCEDCLIENT(S) SUBMITTED CLAIM FORM(S) IN RESPONSE TO THIS MAILING.THE CLAIM FORM(S) WAS/WERE EVALUATED BY PSI IN ACCORDANCE WITHTHE STANDARDS ESTABLISHED UNDER THE SETTLEMENT BETWEEN PSI, THESEC, THE NASD AND THE STATE SECURITIES ADMINISTRATORS. THEREPORTED SETTLEMENT(S) AROSE OUT OF THIS UNIQUE PROCESS.
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