DAVID ALAN HELVERSON is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 30 S WACKER DR STE 4000, CHICAGO, IL, 60606.
DAVID ALAN HELVERSON has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003
Disclosure History
DAVID ALAN HELVERSON has 1 Disclosure Event(s).
Date: October 21, 1993 Category: Customer Dispute Allegations: THE ABOVE REFERENCED CLIENT HAS SUBMITTED ACLAIM FORM TO THE CLAIMS RESOLUTION PROCESS RELATING TO THEPURCHASES OF VARIOUS LIMITED PARNERSHIPS DURING THE PERIOD 5/87TO 1/88. DAVID A. HELVERSON WAS THE BROKER OF RECORD AT THETIME OF THE PURCHASES. NO DAMAGES ARE ALLEGED, BUT THE AMOUNTOF ACTUAL LOSS (OUT-OF-POCKET) IS: $11,575 Damage Amount Requested: $11,575.00 Settlement Amount: $20,650.00 Broker Comment: A SETTLEMENT FOR THE ABOVE CLIENT HAS BEENREACHED IN THE CLAIMS RESOLUTION PROCESS. THE DOLLAR AMOUNT OFTHE SETTLEMENT IS AS FOLLOWS: $20,650.THIS MATTER RESULTED FROM THE UNPRECEDENTED,UNSOLICITED MAILING OF CLAIM FORMS BY PSI TO OVER 340,000INVESTORS WHO PURCHASED LIMITED PARTNERSHIPS THROUGH PSI FROMJANAURY 1, 1980 TO JANAURY 1, 1991. THE ABOVE-REFERENCEDCLIENT SUBMITTED A CLAIM FORM IN RESPONSE TO THIS MAILING. THECLAIM FORM WAS EVALUATED BY PSI IN ACCORDANCE WITH THESTANDARDS ESTABLISHED UNDER THE SETTLEMENT BETWEEN PSI, THESEC, THE NASD AND THE STATE SECURITIES ADMINISTRATORS. THEREPORTED SETTLEMENT AROSE OUT OF THIS UNIQUE PROCESS.
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