JAMES PATRICK KING

JAMES PATRICK KING 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.

JAMES PATRICK KING has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003

Disclosure History

JAMES PATRICK KING has 2 Disclosure Event(s).

Date: September 22, 2015
Category: Customer Dispute
Allegations: Customer alleged unsuitable investments. (9/15/2010-2015)

Date: September 18, 1989
Category: Employment Separation After Allegations
Firm Name: KIDDER PEABODY & CO., INC
Termination Type: Permitted to Resign
Allegations: N/AENTERING AN UNAUTHORIZED SALE OF A LISTEDSECURITY.
Broker Comment: THE FIRM CLOSED THE ACCOUNT AND SETTLED WITH THECILENT BY DELIVERING THE REMAINING SECURITIES IN THE ACCOUNT TOHIS HOME. NO LETTERS OR COMPLAINTS HAVE BEEN FILED OR WRITTEN BYTHE CLIENT. I RESIGNED ON 9/18/89.THE BROKER, UNFORTUNATELY, IN AN ATTEMPT TO LIMITTHE CUSTOMER'S EXPOSURE IN A VOLATILE STOCK, EXECUTED A SELLORDER WITHOUT THE CUSTOMER'S PRIOR APPROVAL. THE INTENT WAS TOPLACE A STOP ORDER WELL BELOW THE PREVAILING MARKET PRICE,HOWEVER, THE ORDER WAS ENTERED AS A LIMIT ORDER, THUS, WASEXECUTED AT MARKET. (THE MARKET PRICE AT THE TIME WAS HIGHERTHAN THE STOP PRICE.) THE CLIENT THAN REFUSED THE ORIGINALPURCHASE, WHICH WAS AUTHORIZED, BY STATING THAT THE 90-DAYRESTRICTION LETTER MEANT THAT HE DID NOT HAVE TO HONOR THETRADE. THE FIRM PUR THE TRADE INTO AN ERROR ACCOUNT FOR A LOSSOF $1,312.50..

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

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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