ALBERT SHIHNAI YUAN

ALBERT SHIHNAI YUAN is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 225 S. LAKE AVE, STE 700, PASADENA, CA, 91101.

ALBERT SHIHNAI YUAN has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003

Disclosure History

ALBERT SHIHNAI YUAN has 2 Disclosure Event(s).

Date: September 20, 2007
Category: Customer Dispute
Allegations: IN AUGUST 2006, THE FIRM SENT THE CLIENT A LETTER STATING THAT IT COULD NO LONGER SERVICE THE ACCOUNT AT ISSUE AND REQUESTED THAT THE CLIENT TRANSFER THE ACCOUNT WITHIN SIXTY DAYS. THE CLIENT WAS PROVIDED WITH SEVERAL OPTIONS INCLUDING, TRANSFER OF THE ACCOUNT TO ANOTHER INSTITUTION, DELIVERY OF THE SECURITIES IN THE ACCOUNT TO CLIENT¿S ADDRESS OF RECORD OR LIQUIDATION OF THE INVESTMENTS. UPON BEING CONTACTED BY THE CLIENT REGARDING THE CONTENTS OF THE FIRM¿S LETTER, THE FA IS CERTAIN THAT HE CONFIRMED THE INFORMATION IN THE LETTER AND FOLLOWED THE CLIENT¿S INSTRUCTION TO LIQUIDATE INVESTMENTS.
Damage Amount Requested: $98,000.00

Date: March 21, 1994
Category: Customer Dispute
Allegations: [CUSTOMERS] ALLEGE THAT THEIR FINANCIALCONSULTANT DEFRAUDED THEM WITH HIS ADVICE REGARDING THEIRINVESTMENT IN THE MRI LIMITED PARTNERSHIP. THEY ALSO ALLEGEFAILURE TO SUPERVISE. [CUSTOMERS] SEEK ACTUAL DAMAGES OF$40,000 AND UNSPECIFIED PUNITIVE DAMAGES
Damage Amount Requested: $40,000.00 Damages Granted: $30,000.00
Broker Comment: ALL CLAIMS DISMISSED AGAINST ALBERT YUANNOT PROVIDED

More Information

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