ARTHUR JAY LANGER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 2740 N. UNIVERSITY DR 3RD FL, [VACATION/SECONDARY HOME], CORAL SPRINGS, FL, 33065.
ARTHUR JAY LANGER has worked at WELLS FARGO CLEARING SERVICES, LLC since March 01, 2012
Disclosure History
ARTHUR JAY LANGER has 3 Disclosure Event(s).
Date: July 03, 1997 Category: Customer Dispute Allegations: MISREPRESENTATION, BREACH OF FIDUCIARY DUTY,FRAUD, UNSUITABILITY, FAILURE TO DISCLOSE RISKS, ALLEGEDDAMAGES: $84,750. PRODUCT: DIRECT INVESTMENTS Damage Amount Requested: $84,750.00 Settlement Amount: $80,000.00 Broker Comment: CLAIMS AGAINST BOTH THE FIRM AND MR LANGER WERESETTLED FOR $80,000 WITH NO ADMISSION OF LIABILITY ORWRONGDOING.I WAS NOT ASKED NOR DID I CONTRIBUTE TO THEFINANCIAL SETTLEMENT NOTED ABOVE
Date: August 08, 1994 Category: Customer Dispute Allegations: BREACH OF FIDUCIARY DUTY, VIOLATION OFFLORIDA STATUTE 517.301, COMMON LAW FRAUD. Damage Amount Requested: $221,000.00 Settlement Amount: $165,000.00 Broker Comment: SETTLEMENT BY SMITH BARNEY AND LEHMAN BROTHERSTO [CUSTOMER], [CUSTOMER] AND [CUSTOMER]. CONTACT PERSON:[BROKER DEALER CONTACT PERSON] 212-816-7106SMITH BARNEY DENIES EACH AND EVERY ALLEGATION SETFORTH IN CLAIMANTS` STATEMENT OF CLAIM. IN THE INTEREST OFAVOIDING THE RISK AND COST OF ARBITRATION, RESPONDENTS SETTLEDFOR $165,000.00. MR. LANGER WAS NOT ASKED BY THE FIRM TO MAKEANY CONTIBUTION TOWARD THE SETTLEMENT.
Date: October 25, 1993 Category: Customer Dispute Allegations: MISREPRESENTATION ALLEGED DAMAGES: UNSPECIFIED. Settlement Amount: $85,000.00 Broker Comment: ARBITRATION SETTLED 10/16/1996THE ALLEGATIONS RELATED TO THE SALE OF VARIOUS MORTGAGE-RELATED, LIMITED PARTNERSHIPS ORIGINATED BY SHEARSON LEHMAN BROTHERS WHERE AN AFFILIATE OF SHEARSON WAS THE GENERAL PARTNER. THESE LIMITED PARTNERSHIPS WERE MARKETED BY SHEARSON AS SAFE BOND ALTERNATIVES. I RECOMMENDED THESE INVESTMENTS AS SUCH. THERE WAS MO MISREPRESENTATION ON MY PART.
More Information
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 ARTHUR JAY LANGER, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
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 Removal
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.