DWIGHT HILLIS EMANUELSON is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 400 MERCHANT ST, HILTON HEAD ISLAND, SC, 29926.
DWIGHT HILLIS EMANUELSON has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003
DWIGHT HILLIS EMANUELSON has 8 Disclosure Event(s).
Date: March 15, 2013 Category: Customer Dispute Allegations: CLIENT ALLEGED PROPER ACTION WAS NOT TAKEN REGARDING HIS ACCOUNT TO MEET ACCOUNT'S OBJECTIVES. (4/14/10-2/28/13)
Date: October 08, 2002 Category: Customer Dispute Allegations: ALLEGED UNSUITABLE INVESTMENT RECOMMENDATIONS; ALLEGED FAILURE TO FOLLOW INSTRUCTIONS. DAMAGES NOT SPECIFIED. Settlement Amount: $129,000.00
Date: January 30, 2001 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABLE TRADING, CHURNING, BREACH OF FIDUCIATY DUTY, ET. WITH DAMAGES IN THE APPROXIMATE AMOUNT OF $350,000.00. Damage Amount Requested: $350,000.00 Settlement Amount: $140,000.00 Broker Comment: RECOMMENDATIONS WERE FULLY CONSISTENT WITH CLIENT'S ORALLY STATED INVESTMENT OBJECTIVE TO TAP THE GROWTH IN TECHNOLOGY STOCKS AND SHE NEVER COMPLAINED UNTIL A LOSS OCCURRED.PARTICIPATED IN SETTLEMENT TO AVOID COST AND DISTRACTION OF ARBITRATION.
Date: June 08, 2000 Category: Customer Dispute Allegations: CUSTOMER'S SON ALLEGED THAT "THE SPECIFIC INSTRUCTIONS TO SELL IF THERE WERE A SIGNIFICANT DROP IN VALUE WERE IGNORED". Damage Amount Requested: $60,000.00 Broker Comment: I NEVER RECEIVED AN ORDER TO SELL THE STOCK.*THIS MATTER ARISES OUT OF TRANSACTIONS UNDERTAKEN AT A PRIOR OR PREVIOUS FIRM. WELLS FARGO ADVISORS HAS NO RECORDS OR INFORMATION RELATING TO THE ISSUES REPRESENTED IN THIS REPORT. THE MATTER IS CONSIDERED CLOSED.
Date: March 24, 1994 Category: Employment Separation After Allegations Firm Name: MERRILL LYNCH Termination Type: Voluntary Resignation Allegations: DURING THE COURSE OF AN INTERNAL REVIEW, MR. EMANUELSON RESIGNED FROM THE FIRM. THE INTERNAL REVIEW INVOLVED VIOLATION OF BOTH FIRM POLICY AND INDUSTRY STANDARDS OF CONDUCT. THE REVIEW INVOLVED MR. EMANUELSON SOLICITING A SECURITY IN WHICH MERRILL LYNCH DID NOT MAINTAIN AN OPTION IN VIOLATION OF FIRM POLICY. MR. EMANUELSON HAD INDICATED ON THE FIRM RECORDS THAT THE TRADES WERE UNSOLICITED.
Date: May 01, 1993 Category: Customer Dispute Allegations: CLIENT ALLEGED EXCESSIVE ACTIVITY ANDUNAUTHORIZED TRADING. ALLEGED DAMAGES WERE $252,000. Damage Amount Requested: $250,000.00 Settlement Amount: $152,000.00 Broker Comment: SETTLED FOR $152,000 SETTLED TO AVOID THE COST AND EXPENSE OF LITIGATION.
Date: August 14, 1992 Category: Customer Dispute Allegations: CUSTOMER COMPLAINTS OF UNAUTHORIZED TRADINGAND UNSUITABLE TRANSACTIONS IN HER ACCOUNT ALLEGING LOSSES OF $77,000. Damage Amount Requested: $77,000.00 Settlement Amount: $50,000.00 Broker Comment: SETTLED FOR $50,000. PAID BY THE BROKER. MATTER SETTLED TO AVOID COSTS AND UNCERTAINTY OF LITIGATION.
Date: May 29, 1992 Category: Customer Dispute Allegations: UNSUITABILITY AND CHURNING WITH RESPECT TOTHE SERVICING OF RETIREMENT PENSION AND PROFIT SHARING PLANACCOUNTS. ACTUAL DAMAGES OF $114,000. DAMAGES SOUGHT $350,000. Damage Amount Requested: $114,000.00 Settlement Amount: $89,655.00 Broker Comment: SETTLED FOR $89,655 TO AVOID THE EXPENSE ANDUNCERTAINTY OF LITIGATION.
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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.
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