HERBERT LEO HEITZMAN is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 74760 HIGHWAY 111, STE 100, INDIAN WELLS, CA, 92210.
HERBERT LEO HEITZMAN has worked at WELLS FARGO CLEARING SERVICES, LLC since May 26, 2000
HERBERT LEO HEITZMAN has 3 Disclosure Event(s).
Date: February 11, 1994 Category: Employment Separation After Allegations Firm Name: SMITH BARNEY SHEARSON Termination Type: Permitted to Resign Allegations: SMITH BARNEY SHEARSON REQUESTED MYRESIGNATION AS A RESULT OF A COMPLAINT AGAINST ME BY FORMERCLIENT PARTICIA ELZEY. Broker Comment: PERMITTED TO RESIGN
Date: February 01, 1993 Category: Customer Dispute Allegations: UNSUITABILITY UNAUTHORIZED TRADING, CHURNING,FRAUD ETC - CLIENT WAS SEEKNG 1.3 MM IN DAMAGES AS THE RESULT OF STOCK MARKET LOSSES IN 1989-1992. A COMPLAINT WAS ALSO INCLUDED AGAINST BRANCH MANAGER [BRANCH MANAGER] FOR "FAILURE TO SUPERVISE" Damage Amount Requested: $810,078.00 Settlement Amount: $500,000.00 Broker Comment: SETTLEMENT WAS REACHED IN THE AMOUNT OF $500,000. I WAS "PERMITTED TO RESIGN" ON FEB 11, 1994. IF THERE IS ANYTHING ELSE INVOLVED - I'M CURRENTLY UNAWARE SINCE I'VE RECEIVED NOTHING IN WRITING FROM SMITH BARNEY SHEARSON. THE COMPLAINT AGAINST [BRANCH MANGER] WAS DROPPED WHEN THE SETTLEMENT WAS REACHED.I WAS QUITE SHOCKED AT THE SIZE OF THE SETTLEMENT SINCE MY SHEARSON APPOINTED ATTORNEY ASSURED ME THAT CLIENT [CUSTOMER'S] CASE WAS WEAK AND WE WERE PREPARED TO GO TO ARBITRATION. I WAS ALSO SHOCKED WHEN ASKED TO RESIGN - THIS AFTER ALMOST 25 YEARS OF LOYAL & PRODUCTIVE SERVICE. ALTHOUGH I MADE SOME BAD DECISIONS FOR [CUSTOMER'S] STOCK RADING, I FEEL I AM INNOCENT OF ANY WRONG DOING.
Date: June 01, 1983 Category: Regulatory Initiated By: STATE OF NORTH CAROLINA Allegations: BROKER SOLD BONDS IN THE STATE WHEN HE WASN'TREGISTERED Resolution: Decision SanctionDetails: Sanctions: Revocation/Expulsion/Denial Sanction Details: BROKER WAS NO LONGER REGISTERED IN NORTHCAROLINA LICENSE WAS REVOKED
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