HARVEY JACK MARKZON is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 27755 STANSBURY BLVD, STE 275, FARMINGTON HILLS, MI, 48334.
HARVEY JACK MARKZON has worked at WELLS FARGO CLEARING SERVICES, LLC since October 31, 2011
Disclosure History
HARVEY JACK MARKZON has 1 Disclosure Event(s).
Category: Customer Dispute Allegations: THE ABOVE REFERENCED CLIENT HAS SUBMITTED ACLAIM FORM TO THE CLAIMS RESOLUTION PROCESS RELATING TO THEPURCHASES OF VARIOUS LIMITED PARTNERSHIPS DURING THE PERIOD08/85 TO 9/85. HARVEY J. MARKZON WAS THE BROKER OF RECORD ATTHE TIME OF THE PURCHASES. NO DAMAGES ARE ALLEGED, BUT THEAMOUNT OF ACTUAL LOSS (OUT-OF-POCKET LOSS) IS: $46,770. Damage Amount Requested: $46,770.00 Settlement Amount: $73,693.00 Broker Comment: A SETTLEMENT FOR THE ABOVE CLIETN HAS BEENREACHED IN THE CLAIMS RESOLUTION PROCESS. THE DOLLAR AMOUNT OFTHE SETTLEMENT IS AS FOLLOWS: $73,693.THIS MATTER RESULTED FROM THE UNPRECEDENTED,UNSOLICITED MAILING OF CLAIM FORMS BY PSI TO OVER 340,000INVESTORS WHO PURCHASED LIMITED PARTNERSHIPS THROUGH PSI FROMJANUARY 1, 1980 TO JANUARY 1, 1991. THE ABOVE-REFERENCED CLIENTSUBMITTED A CLAIM FORM IN RESPONSE TO THIS MAILING. THE CLAIMFORM WAS EVALUATED BY PSI IN ACCORDANCE WITH THE STANDARDSESTABLISHED UNDER THE SETTLEMENT BETWEEN PSI AND THE SEC, THENASD AND THE STATE SECURITIES ADMINISTRATORS. THE REPORTEDSETTLEMENT AROSE OUT OF THIS UNIQUE PROCESS. CLIENT WANTEDCONSERVATIVE, INCOME PRODUCING INVESTMENTS. THIS IS WHAT WASPRESENTED TO CLIENT. UNFORTUNATELY, THESE PRODUCTS WERE NOT ASFIRM REPRESENTED TO ME.
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