GERALD BRIAN NOTHMAN is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 30 S WACKER DR STE 4000, CHICAGO, IL, 60606.
GERALD BRIAN NOTHMAN has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003
Disclosure History
GERALD BRIAN NOTHMAN has 1 Disclosure Event(s).
Date: April 16, 1993 Category: Customer Dispute Allegations: CLIENTS ALLEGED, AMONG OTHER THINGS, THATNOTHMAN WRONGFULLY RECOMMENDED P-B ENERGY INCOME PARTNERSHIPSAND FALSELY STATED THAT PRIOR PBEI PARTNERSHIPS RETURNED YIELDSOF 14%. CLIENTS SEEK COMPENSATORY AND OTHER DAMAGES. Settlement Amount: $80,000.00 Broker Comment: ANY ALLEGATIONS CONTAINED IN THE AMENDEDCOMPLAINT AS TO GERALD NOTHMAN ARE WITHDRAWN AS THOUGH NEVERCAONTAINED THEREIN. CASE SETTLED, WITHOUT ADMITTING LIABILITY,FOR $80,000.PBEI WAS SOLD TO THESE CLIENTS AS INCOME ANDINFLATION HEDGE INVESTMENTS. THESE INVESTMENTS CONTITUED ASMALL PORTION OF THE CLIENTS' PORTFOLIO AND NET WORTH. NOTHMANVEHEMENTLY DENIES MAKING ANY PROMISES OR GUARANTEES TO THECLIENTS. THE FACT THAT THESE CLIENTS INVESTED IN PBEI P-23AFTER NOT RECEIVING A 14% RETURN ON THEIR P-15 BELIEVES THE 14%RETURN ALLEGATION. [CUSTOMER] OWNED AND RAN AN INSURANCEAGENCY, AND WAS FULLY CAPABLE OF UNDERSTANDING THE RISKS OF THEINVESTMENT.
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