GERALD PAUL KESSLER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 2005 S EASTON RD STE 108, DOYLESTOWN COMMERCE CENTER, DOYLESTOWN, PA, 18901.
GERALD PAUL KESSLER has worked at WELLS FARGO CLEARING SERVICES, LLC since November 23, 2005
Disclosure History
GERALD PAUL KESSLER has 6 Disclosure Event(s).
Date: June 21, 2011 Category: Regulatory
Date: October 26, 2009 Category: Customer Dispute Allegations: CLAIMANTS, IRA BENEFICIARIES AND RESIDENTS OF PENNSYLVANIA ALLEGE BREACH OF CONTRACT, SUITABILITY AND NEGLIGENCE AGAINST FA FOR ALLEGEDLY INVESTING ACCOUNTS IN HIGH-RISK EQUITIES FROM 2006-2008. CLAIMANTS SEEK DAMAGES IN EXCESS OF $500,000 PLUS INTEREST, FEES AND PUNITIVE RELIEF. Damage Amount Requested: $500,000.00 Settlement Amount: $60,000.00 Broker Comment: WITHOUT ADMITTING ANY LIABILITY, THE FIRM SETTLED THE MATTER FOR $60,000 TO AVOID THE EXPENSE AND UNCERTAINTY OF ARBITRATION.
Date: November 20, 2003 Category: Customer Dispute Allegations: CLIENTS ALLEGE THAT FINANCIAL ADVISOR FAILED TO PROPERLY ADVISE THEM OF THE DIFFERENT CLASS SHARES REGARDING THEIR MUTUAL FUND PURCHASES. GOOD FAITH ESTIMATE OVER $5000. Settlement Amount: $9,000.00
Date: August 05, 2003 Category: Customer Dispute Allegations: CLIENT ALLEGED FAILURE TO FOLLOW INSTRUCTIONS. Damage Amount Requested: $20,132.50 Settlement Amount: $20,132.50 Broker Comment: FA AND HIS CUSTOMER, HAD A MISCOMMUNICATION ABOUT A VERBAL ORDER TO BUY STOCK. CUSTOMER CONTENDS THAT HE PLACED A DAY ORDER. FA, HOWEVER, UNDERSTOOD CUSTOMER'S ORDER TO HAVE A "GOOD TILL CANCELLED" (GTC) ORDER. FA REVIEWED HIS ACCOUNT AFTER THE ORDER WAS EXECUTED AND CALLED MORGAN STANLEY, STATING THAT HE DID NOT WANT THE STOCK BASED ON HIS OPINION THAT HE GAVE FA A DAY ORDER. UNDER THE CIRCUMSTANCES AND TO ACCOMODATE A VALUED CLIENT, MORGAN STANLEY CREDITED CLIENT'S ACCOUNT THE SUM OF $20,132.50..
Date: December 26, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGED HIS FINANCIAL ADVISOR MADE AN UNAUTHORIZED TRADE. Damage Amount Requested: $45,816.25 Broker Comment: CLIENT'S COMPLAINT DENIED. CLIENT AUTHORIZED THE QUESTIONED PURCHASE ON OCTOBER 10, 2002. THE PURCHASE OF A MORTGAGE BACKED SECURITY CAME WITH THREE CONFIRMS. THE PURCHASE SETTLED ON NOVEMBER 29, 2002. THUS, CLIENT'S CLAIM THAT HIS NOVEMBER 29, 2002 WAS UNAUTHORIZED IS WITHOUT MERIT BECAUSE THE CLIENT GAVE AUTHORIZATION ON OCTOBER 10, 2002.
Date: August 26, 1991 Category: Customer Dispute Allegations: MISREPRESENTED HIGH YIELD BOND FUND Settlement Amount: $37,000.00 Broker Comment: SETTLED FOR $37KSETTLEMENT WAS MADE WITH PLAINTIFF WITH NOADDMISSION OF THE ALLEGATIONS BY THE BROKER.
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