ANDREW JAY ARKFELD is currently employed as a Broker and/or Investment Adviser at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC located at 3512 N 163RD PLZ, OMAHA, NE, 68116.
ANDREW JAY ARKFELD has worked at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC since April 19, 2012
ANDREW JAY ARKFELD has 3 Disclosure Event(s).
Date: October 20, 2015 Category: Customer Dispute Allegations: Client alleges fees were not disclosed. (6/20/2013-10/22/2014)
Date: November 15, 2002 Category: Customer Dispute Allegations: ARBITRATION CASE DESCRIPTION: ALLEGATIONS OF BREACH OF FIDUCIARY DUTY, NEGLIGENCE, EXCESSIVE MARGIN, VIOLATIONS OF NEBRASKA SECURITIES ACT, VIOLATION OF NASD RULES OF SUPERVISION AND SUITABILITY, MISREPRESENTATION, NEGLIGENT SUPERVISION AND BREACH OF CONTRACT IN RECOMMENDING INVESTMENTS FOR CLAIMANT'S REQUEST AND IN MARGIN. (AMOUNT CLAIMED: NOT SPECIFIED WITH ATTORNEYS' FEES, COSTS AND EXPERT FEES) Damages Granted: $24,907.48 Broker Comment: AWARD AGAINST JONES (FIRM) AND ARKFELD JOINTLY AND SEVERALLY OF $24,907.48 AS COMPENSATORY DAMAGES PLUS $4,000 IN ATTORNEYS' FEES.
Date: January 23, 2002 Category: Customer Dispute Allegations: CLIENT SAID ARKFELD TOLD HIM THE ANNUITIES WOULD EARN NO LESS THAN 27% OVER A THREE YEAR PERIOD. THE CLIENT STATES A PROSPECTUS WAS NOT GIVEN ON ONE OF THE ANNUITIES UNTIL AFTER THE FACT AND WAS NOT TOLD OF THE 7% WITHDRAWAL PENALTY. CLIENT ALSO STATES ARKFELD TOLD HIM THERE WAS NO WAY TO CHANGE THE INVESTMENT STRATEGY IN ONE OF THE ANNUITIES. Damage Amount Requested: $5,000.00 Broker Comment: ACCORDING TO ARKFELD, HE PROVIDED A PROSPECTUS TO THE CLIENT PRIOR TO THE TRANSACTION AND ALSO DISCUSSED THE DETAILS OF THE ANNUITIES, INCLUDING WITHDRAWAL PENALTY. IN REGARDS TO THE PERFORMANCE OF THE ANNUITIES, ARKFELD EXPLAINED HOW THE STOCK MARKET MAY AVERAGE 9-10% PER YEAR. ARKFELD ALSO DISCUSSED MARKET FLUCTUATION AND THAT THE VALUE OF THE CLIENTS ACCOUNT COULD INCREASE AND DECREASE. ACCORDING TO ARKFELD, HE DID NOT STATE THE CLIENT COULD NOT CHANGE HIS INVESTMENT STRATEGY. ARKFELD ADVISED THE CLIENT HE COULD MAKE CHANGES TO THE ANNUITY, BUT ARKFELD BELIEVED THE CLIENT HAD A GOOD MIX OF INVESTMENTS. CLAIM DENIED.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for ANDREW JAY ARKFELD, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More