DAVID FRED NELSON is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 303 EAST MAIN STREET, 3RD FLOOR, BARRINGTON, IL, 60010.
DAVID FRED NELSON has worked at UBS FINANCIAL SERVICES INC. since November 14, 2003
DAVID FRED NELSON has 4 Disclosure Event(s).
Date: May 13, 1998 Category: Employment Separation After Allegations Firm Name: DEAN WITTER REYNOLDS INC. Termination Type: Permitted to Resign Allegations: N/ADEAN WITTER ALLEGED THAT MR. NELSON FAILED TOCOMPLY WITH THE FIRM POLICY REGARDING COMMUNICATION WITH THEPUBLIC. Broker Comment: DEAN WITTER TERMINATED MR. NELSON'S EMPLOYMENTTHIS TERMINATION STAMMED FROM THE CHAVIANOCOMPLAINT WHICH DEAN WITTER SETTLED. DURING THE COURSE OF THEIRINVESTIGATION THEY FOUND 2 UNAPPROVED LETTERS TO THE CLIENTREGARDING THE VALUE OF THE SUBJECT INVESTMENT. ALTHOUGH DEANWITTER DID NOT FIND ME RESONIBLE FOR THE COMPLAINTS, THEYTERMINATED ME.
Date: March 02, 1998 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT CERTAIN INVESTMENTSINVOLVED UNSUITABLE RISK AND THAT ACCOUNT SUMMARIES OVERSTATEDTHE VALUE OF CERTAIN SECURITIES. CUSTOMER ASSERTS LOSSES OFAPPROX. $81,000. EVENTS OCCURED WHILE AS IS EMPLOYED W/ DEANWITTER. Damage Amount Requested: $81,000.00 Settlement Amount: $40,000.00 Broker Comment: SETTLED FOR $40,000.Not Provided
Date: October 21, 1994 Category: Customer Dispute Allegations: CLIENT ORIGINALLY WROTE ON 10/21/94 ALLEGINGTHAT THE VALUE OF HIS FRENCH OAT BONDS WERE MISREPRESENTED BYHIS BROKER. DAMAGES WERE DETERMINED BY THE FIRM ON 11/30/94 TOBE $41,834.57 Damage Amount Requested: $41,834.57 Settlement Amount: $34,141.28 Broker Comment: CLIENT RELEASED CLAIMS AGAINST THE FIRM ANDAGENT FOR SETTLEMENT OF $34,141. 28Not Provided
Date: October 03, 1994 Category: Customer Dispute Allegations: CLIENT ORIGINALLY WROTE ON 10/3/94 ALLEGINGTHAT THE VALUE OF HIS FRENCH OAT ARGENTIA CORPORATE BONDS WEREMISREPRESENTED BY HIS BROKER. DAMAGES WERE DETERMINED BY THEFIRM ON 11/30/94 TO BE SETTLED $72,177.00. Damage Amount Requested: $72,177.00 Settlement Amount: $37,000.00 Broker Comment: THE CLIENT ACCEPTED A SETTLEMENT OF $37,000 TORELEASE HIS CLAIM AGAINST THE FIRM AND THE AGENT.Not Provided
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for DAVID FRED NELSON, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More