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
Disclosure History
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
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