DAVID JONATHAN KRASNER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 271 N MAIN ST STE 208, RUTLAND, VT, 05701.
DAVID JONATHAN KRASNER has worked at WELLS FARGO CLEARING SERVICES, LLC since August 05, 2000
Disclosure History
DAVID JONATHAN KRASNER has 5 Disclosure Event(s).
Date: August 19, 1999 Category: Regulatory
Date: January 27, 1999 Category: Employment Separation After Allegations Firm Name: DEAN WITTER REYNOLDS INC Termination Type: Discharged Allegations: N/AHELEN LONG, A CLIENT, STATES THAT FIVETRANSFER AUTHORIZATIONS WERE SENT TO HER AND SHE SIGNED FOUR.SHE SUBSEQUENTLY FOUND THAT THE FIFTH ONE ALSO PURPORTED TOBEAR HER SIGNATURE BUTH THAT SOMEONE ELSE HAD ACCOMPLISHED THATSIGNATURE. Broker Comment: TERMINATION OF EMPLOYMENT. THE FIRM CONCLUDEDTHAT ALTHOUGH MR. KRASNER DID NOT EXPLICITLY DIRECT THE SIGNINGOF MRS. LONG'S NAME, HIS SUBORDINATE DID SO AS A RESULT OF HISINSTRUCTIONS AND HE WAS AWARE OF HER CONDUCT. WHEN MS. LONGCALLED MR. KRASNER APPROXIMATELY SIX WEEKS LATER HE IMMEDIATELYMET WITH HER WHO HE FELT THEN RECTIFIED THE TRANSFER AND HETHEN ADVISED HIS SUBORDINATE NOT TO SPEAK ABOUT THIS MATTER.MS. LONG THEREAFTER ADDED FUNDS TO THE ACCOUNT. MR. KRASNERNEVER ADVISED HIS SUPERVISORS OF THIS MATTER UNTIL THE CLIENTSENT A WRITTEN COMPLAINT 1 1/2 YEARS LATE. THIS MATTER AND HISINITIAL RESPONSES TO THE FIRM'S INQUIRIES RESULTED IN THETERMINATION OF MR. KRASNER'S EMPLOYMENT.THE BROKER AND CLIENT HAD SPOKEN OF THE TRANSFEROF ALL ACCOUNTS FOR WHICH AUTHORIZATIONS WERE SENT PRIOR TOSUCH MAILING AND THUS WERE NOT UNSOLICITED. THE BROKER DID NOTDIRECT THE SUBORDINATE TO SIGN THE CLIENT'S NAME AND DID NOTBECOME AWARE OF IT UNTIL WELL AFTER THE FACT. WHEN HE SPOKE TOTHE ASSISTANT ABOUT IT SHE INDICATED "THIS HAPPENS ALL THETIME" AND ANOTHER BROKER CONFIRMED IT MAY HAVE HAPPENED WITHW-9'S. THIS MAY HAVE PREDISPOSED THE ASSISTANT TO ACT AS HEDID. FROM THE FIRST APPROACH BY THE FIRM, THE BROKER WASFORTHCOMING ABOUT THESE EVENTS. HE DID DENY THEN AND STILLDENIES ANY CONTEMPORANEOUS KNOWLEDGE OF HIS ASSISTANT'SACTIONS.
Date: January 08, 1999 Category: Customer Dispute Allegations: A CLIENT, STATES THAT FIVETRANSFER AUTHORIZATIONS WERE SENT TO HER AND SHE SIGNED FOUR.SHE SUBSEQUENTLY FOUND THAT THE FIFTH ONE ALSO PURPORTED TOBEAR HER SIGNATURE BUTH THAT SOMEONE ELSE HAD ACCOMPLISHED THATSIGNATURE. Broker Comment: TEMINATION OF EMPLOYMENT THE FIRM CONCLUDEDTHAT ALTHOUGH MR. KRASNER DID NOT EXPLICITLY DIRECT THE SIGNINGOF THE CUSTOMER'S NAME, HIS SUBORDINATE DID SO AS A RESULT OF HISINSTRUCTIONS AND HE WAS AWARE OF HER CONDUCT. WHEN THE CUSTOMER CALLED MR. KRASNER APPROXIMATELY SIX WEEKS LATER HE IMMEDIATELYMET WITH HER WHO HE FELT THEN RECTIFIED THE TRANSFER AND HETHEN ADVISED HIS SUBORDINATE NOT TO SPEAK ABOUT THIS MATTER.THE CUSTOMER THEREAFTER ADDED FUNDS TO THE ACCOUNT. MR. KRASNERNEVER ADVISED HIS SUPERVISORS OF THIS MATTER UNTIL THE CLIENTSENT A WRITTEN COMPLAINT 1 1/2 YEARS LATE. THIS MATTER AND HISINITIAL RESPONSES TO THE FIRM'S INQUIRIES RESULTED IN THETERMINATION OF MR. KRASNER'S EMPLOYMENT.THE BROKER AND CLIENT HAD SPOKEN OF THE TRANSFEROF ALL ACCOUNTS FOR WHICH AUTHORIZATIONS WERE SENT PRIOR TOSUCH MAILING AND THUS WERE NOT UNSOLICITED. THE BROKER DID NOTDIRECT THE SUBORDINATE TO SIGN THE CLIENT'S NAME AND DID NOTBECOME AWARE OF IT UNTIL WELL AFTER THE FACT. WHEN HE SPOKE TOTHE ASSISTANT ABOUT IT SHE INDICATED "THIS HAPPENS ALL THETIME" AND ANOTHER BROKER CONFIRMED IT MAY HAVE HAPPENED WITHW-9S. THIS MAY HAVE PREDISPOSED THE ASSISTANT TO ACT AS HEDID. FROM THE FIRST APPROACH BY THE FIRM, THE BROKER WASFORTHCOMING ABOUT THESE EVENTS. HE DID DENY THEN AND STILLDENIES ANY CONTEMPORANEOUS KNOWLEDGE OF HIS ASSISTANT'SACTIONS.
Date: July 28, 1998 Category: Customer Dispute Allegations: CLIENTS ALLEGE SALES PRACTICE VIOLATIONS. Damage Amount Requested: $76,607.00 Settlement Amount: $22,500.00
Date: June 16, 1993 Category: Regulatory Initiated By: VERMONT SECURITIES DIVISION Allegations: RESPONDENT FAILED TO EXERCISE DUE CARE IN THEMARKING OF ORDER TICKETS IN CONNECTION WITH TRANSACTIONSEFFECTED IN CUSTOMER ACCOUNTS DURING 1990. RESPONDENT MARKEDORDER TICKETS AS "UNSOLICITED" WHEN, IN FACT, THE TRANSACTIONSIN QUESTION WERE SOLICITED BY RESPONDENT. Resolution: Consent SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $1,250.00 Sanction Details: ON JUNE 16, 1993, THE DIVISION ENTERED A CONSENTORDER AGAINST RESPONDENT. IN CONSIDERATION FOR RESPONDENTSAGREEING TO THE ORDER THE DIVISION AGREED NOT TO BRINGADMINISTRATIVE OR CIVIL ACTION AGAINST RESPONDENT IN CONNECTIONWITH RESPONDENT'S IMPROPERLY MARKING A SUBSTANTIAL NUMBER OFORDER TICKETS. RESPONDENT WAS FINED $1250 AND RESPONDENT ANDANY EMPLOYING BROKER-DEALER, SHALL, FOR A PERIOD OF TWO (2)YEARS FROM THE ORDER DATE, FILE WITH THE DIVISION, ON AQUARTERLY BASIS, COPIES OF ANY WRITTEN CUSTOMER COMPLAINTS ANDSUMMARIES OF ALL ORAL CUSTOMER COMPLAINTS REGARDING RESPONDENT. Broker Comment: NOT PROVIDED
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