DAVID JOHN MACKIN is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 555 CALIFORNIA ST STE 2300, SAN FRANCISCO, CA, 94104.
DAVID JOHN MACKIN has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003
Disclosure History
DAVID JOHN MACKIN has 1 Disclosure Event(s).
Date: June 01, 1984 Category: Customer Dispute Allegations: I TENDERED APPROXIMATELY 300 SHARES OFTELEDYNE FOR THE CLIENT FOR $200 EACH WITHOUT HIS APPROVAL WHILEON VACATION. I RECEIVED NO COMMISSION. THE CLIENT RETURNED ANDAPPROVED THE TENDER VERBALLU AS THE STOCK FELL IN PRICE - THENREVERSED HIS APPROVAL WHEN THE STOCK REACHED 239. Damage Amount Requested: $130,000.00 Damages Granted: $43,569.75 Broker Comment: DREXEL BURNHAM LAMBERT HAD TO PAY APPROXIMATELY$42,000 MOSTLY BECAUSE OF THEIR LACK OF RESPONDING TO THESECHARGES.I FEEL I WAS TRICKED BY [CUSTOMER] - AN ATTORNEYWHO FABRICATED HIS RESPONSE TO MY MISTAKE OF TENDERING THETELEDYNE SHARES FOR HIS BENEFIT. REMEMBER I DID NOT RECEIVECOMMISSION. CLIENT WOULD NEVER PURCHASE TELEDYNE WHEN THEYDROPPED BELOW 200, BUT TURNED AGAINST DBL WHEN THEY ROSE TO 231.I FELT I WAS ACTING FOR THE CLIENTS BEST INTEREST.
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