JAGDEV SINGH CHEEMA is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 425 S TELSHOR BLVD, LAS CRUCES, NM, 88011.
JAGDEV SINGH CHEEMA has worked at WELLS FARGO CLEARING SERVICES, LLC since January 03, 2011
Disclosure History
JAGDEV SINGH CHEEMA has 2 Disclosure Event(s).
Date: March 18, 2013 Category: Customer Dispute Allegations: CLIENT PURCHASED 6 UITS AND 1 MUTUAL FUND BETWEEN MARCH 2012 AND JANUARY 2013. CLIENT CLAIMS THAT ADVISOR MISREPRESENTED THE INVESTMENTS BY STATING THAT THEY WOULD EARN 5-7%, WERE RISK FREE, AND COULD BE LIQUIDATED IN ONE YEAR. (5/9/2012, 1/16/2013, 3/22/2012, 8/9/2012) Damage Amount Requested: $15,000.00 Broker Comment: THE CLIENT'S CLAIM WAS DENIED IN ITS ENTIRETY. THE CLIENT CHOSE TO KEEP THE INVESTMENTS.
Date: April 08, 2002 Category: Customer Dispute Allegations: IN FEB 2001 CLIENT REQUESTED REGISTERED REP TO TRANSFER HIS BALANCE OUT OF RYDEX INTO A MONEY MARKET ACCOUNT AFTER WATCHING THE MARKET DROP IN 2000. THIS WAS DONE, BUT FROM 4/12/01 - 9/10/01 THE CLIENT'S MONEY WAS BACK INTO THE RYDEX PROGRAM AND THE CLIENT ALLEGES THIS WAS WITHOUT HIS KNOWLEDGE OR CONSENT. HE ALLEGES THAT THE CHANGE IN POSITION DURING THIS PERIOD MADE HIS ACCOUNT SUSCEPTABLE TO MARKET VOLATILITY WHICH LOWERED THE ACCOUNT VALUE BY $5221.31. Damage Amount Requested: $5,221.31 Broker Comment: COMPLAINT NO LONGER REPORTABLE BECAUSE FILED MORE THAN 24 MONTHS AGO AND DID NOT RESULT IN A SETTLEMENT OF $10,000 OR MORE. PLEASE ARCHIVE.
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