BERNARD B NEUMAN is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 500 LAKE COOK RD STE 130 & 300, [VACATION/SECONDARY HOME], DEERFIELD, IL, 60015.
BERNARD B NEUMAN has worked at WELLS FARGO CLEARING SERVICES, LLC since January 16, 2015
Disclosure History
BERNARD B NEUMAN has 2 Disclosure Event(s).
Date: January 17, 2018 Category: Customer Dispute Allegations: Client's son alleges unauthorized transactions 2000 2007. Damages unspecified
Date: November 30, 1994 Category: Customer Dispute Allegations: CLAIMANT MADE VAGUE ALLEGATIONS OFINAPPROPRIATE INVESTMENTS WITHOUT SPECIFYING THE NATURE OF THEUNSUITABILIITY OR THE INVESTMENTS THEMSELVES. CLAIMED DAMAGESARE BELIEVED TO EXCEED $10,000. Damage Amount Requested: $30,000.00 Damages Granted: $50,000.00 Broker Comment: TWO OF THE ARBITRATORS ORDERED THAT THEINVESTMENTS IN TWO CLOSED-END BOND FUNDS BE RESCINDED WITHCLAIMANT TO RECEIVE ORGINAL PURCHASE PRICE ($50,000) PLUS 6%MINUS ACTUAL DIVIDEND INCOME. THE CLAIMANT IS TO RETUREN THETWO INVESTMENTS TO COWEN.THE TWO PANEL MEMBERS SPECIFICALLY FOUND THATTHERE WAS NO INDICATION OF ANY INTENTION ON THE PART OF MRNEUMAN TO MAXIMIZE COMMISSIONS AND THAT "HIS EFFORTS WEREENTIRELY WITHOUT EVIDENCE OF SELF-INTEREST." THE DISSENTINGARBITRATOR FOUND THAT THE DISPUTED INVESTMENTS WERE, IN FACT,SUITABLE FOR CLAIMANT.
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