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
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.
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