JAMES RIGGS ELLER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 9311 SAN PEDRO AVE, STE 1200, SAN ANTONIO, TX, 78216.
JAMES RIGGS ELLER has worked at WELLS FARGO CLEARING SERVICES, LLC since October 06, 2000
JAMES RIGGS ELLER has 6 Disclosure Event(s).
Date: December 21, 2012 Category: Customer Dispute Allegations: CUSTOMER COMPLAINT ALLEGES THAT ONE OR MORE TRANSACTIONS WERE EFFECTED WITHOUT THE CUSTOMER'S SPECIFIC KNOWLEDGE AND APPROVAL. (10/3/08 - 7/28/11)
Date: August 09, 2012 Category: Customer Dispute Allegations: CLIENT CLAIMS UNAUTHORIZED TRADES WERE MADE IN EXCHANGE TRADED FUNDS. (04/01/2007-08/09/2012)
Date: September 09, 2011 Category: Judgment / Lien Judgment/Lien Amount: $958,832.54 Judgment/Lien Type: Tax Broker Comment: I AM CURRENTLY WORKING WITH TAX FIRM TO REDUCE PENALTIES & INTEREST ASSESSED ON PREVIOUS YEARS TAX RETURNS, AND HAVE BEEN ADVISED FINAL OUTCOME WILL SHOW A SUBSTANTIALLY LOWER TAX AMOUNT. THE TAX LIEN IS ON MY RESIDENTIAL PROPERTY OWNED IN BEXAR COUNTY, TEXAS. IN ADDITION, I AM CURRENT ON RECENT YEAR TAX RETURNS, AND EVEN HAD IRS REFUNDS FOR TAX YEAR 2013 & TAX YEAR 2014.
Date: May 07, 2009 Category: Customer Dispute Allegations: ALLEGES UNAUTHORIZED TRADES AND UNAUTHORIZED MARGIN ACTIVITY. ALLEGES DAMAGES, UNSPECIFIED, BUT BELIEVED TO EXCEED $5000. (10/23/2008 - 03/31/2009) Settlement Amount: $20,071.60 Broker Comment: I AGREED TO SETTLE THIS MATTER PRIMARILY BECAUSE THE COST OF FORMAL ARBITRATION WOULD LIKELY HAVE BEEN MORE THAN THE COST TO SETTLE. FURTHERMORE, THIS IS THE ONLY AMENDMENT ON MY U-4 SINCE MY ORIGINAL BROKER/DEALER REGISTRATION IN 1985.
Date: September 09, 2004 Category: Judgment / Lien Judgment/Lien Amount: $34,466.00 Judgment/Lien Type: Tax Broker Comment: I AM CURRENTLY WORKING WITH TAX FIRM TO REDUCE PENALTIES & INTEREST ASSESSED ON PREVIOUS YEARS' TAX RETURNS, AND HAVE BEEN ADVISED FINAL OUTCOME WILL SHOW A SUBSTANTIALLY LOWER TAX AMOUNT. IN ADDITION, I AM CURRENT ON RECENT YEAR TAX RETURNS, AND EVEN HAD IRS REFUNDS FOR THE PAST TWO YEARS IN A ROW; 2013 & 2014.
Date: January 07, 2003 Category: Customer Dispute Allegations: ARIZONA RESIDENT ALLEGES THAT HIS FINANCIAL ADVISOR, IN CONNECTION WITH THE PURCHASE OF A HARTFORD INSURANCE CONTRACT, USED MISLEADING ILLUSTRATIONS IN 1998. THE CLIENT SEEKS COMPENSATION FOR $60,000 THAT HE BELIEVES WOULD BE INCURRED IF HE WERE TO CASH OUT OF HIS INSURANCE CONTRACT. Damage Amount Requested: $60,000.00 Broker Comment: CLAIM DENIED BY FIRM ON JANUARY 23, 2003. FINANCIAL ADVISOR, JIM ELLER, AND A HARTFORD INSURANCE REPRESENTATIVE MET WITH THE CLIENT AND INFORMED HIM THAT THEY DID NOT BELIEVE HIS INSURANCE CONTRACT WAS MISREPRESENTED IN ANY MANNER AT THE TIME OF PURCHASE. THE FA AND THE HARTFORD REPRESENTATIVE REVIEWED THE POLICY WITH THE CLIENT AND EXPLAINED ITS SPECIFIC FEATURES AND FEES. BASED UPON THIS INFORMATION, THE CLIENT ELECTED TO SURRENDER HIS INSURANCE CONTRACT. NO COMPENSATION WAS PROVIDED BY THE FIRM WITH REGARD TO THE CLIENT'S SURRENDER OF HIS CONTRACT. VIA CORRESPONDENCE DATED JANUARY 23, 2003, THE BRANCH OFFICE MANAGER CONFIRMED THAT THE CLIENT WAS SATISFIED WITH THE RESOLUTION OF HIS COMPLAINT.
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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