CRAIG DAVID LEVIN

CRAIG DAVID LEVIN is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 160 MOUNT BETHEL RD, WARREN, NJ, 07059.

CRAIG DAVID LEVIN has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003

Disclosure History

CRAIG DAVID LEVIN has 2 Disclosure Event(s).

Date: July 31, 2008
Category: Customer Dispute
Allegations: THIS VERBAL COMPLAINT AROSE OUT OF THE SALE OF AN ARS THAT WAS MADE PRIOR TO THE WIDESPREAD ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBRUARY 2008.
Damage Amount Requested: $5,000.00
Settlement Amount: $500,000.00
Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENTS TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.

Date: July 30, 1996
Category: Customer Dispute
Allegations: MISREPRESENTATION, OMISSION OF FACTS, FRAUDAND FAILURE TO MAINTAIN PROPER REGISTRATION IN THE STATE OFNEVADA.
Damage Amount Requested: $93,262.50
Settlement Amount: $14,999.99
Broker Comment: THE MATTER WAS SETTLED FOR $14,999.99.THE CASE WAS SETTLED FOR 14,999.99. THE PORTIONPAID BY ME WAS $4,333.00.

More Information

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