DAVID PETER NEWMAN

DAVID PETER NEWMAN is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 800 N MAGNOLIA AVE STE 1401, ORLANDO, FL, 32803.

DAVID PETER NEWMAN has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003

Disclosure History

DAVID PETER NEWMAN has 1 Disclosure Event(s).

Date: February 11, 1992
Category: Customer Dispute
Allegations: FAILURE TO PROPERLY SERVICE CLAIMANTS'BROKERAGE ACOCUNTS BY RECOMMENDING THEY PURCHASE PUBLICSERVICED OF NEW HAMPSHIRE ("PSNH") WARRANTS WITHOUT FIRSTDISCLOSING THAT, UNDER CERTAIN CIRCUMSTANCES, THE EXERCISEPRIVILEGE ATTENDANT TO SUCH WARRANTS WAS SUSPENDABLE AT THEELECTION OF PSNH'S BD OF DIRECTORS
Damage Amount Requested: $500,000.00
Settlement Amount: $100,000.00
Broker Comment: PRUDENTIAL SECURITIES AGREED TO PAY THE[CUSTOMERS] $100,000 IN FULL AND FINAL SETTLEMENT OF THEIRCLAIMSALLEGED DAMAGES $500,000.00

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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