JAY ALAN WEINBERG is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 123 S BROAD ST, [L1-RBO], PHILADELPHIA, PA, 19109.
JAY ALAN WEINBERG has worked at WELLS FARGO CLEARING SERVICES, LLC since February 07, 2008
Disclosure History
JAY ALAN WEINBERG has 2 Disclosure Event(s).
Date: March 27, 2000 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABLE INVESTMENT AND THAT BROKER FAILED TO FULLY DISCLOSE OR OMITTED MATERIAL FACTS WHICH WOULD HAVE ALLOWED CLAIMANT TO EVALUATE HER INVESTMENTS. Damage Amount Requested: $57,992.00 Settlement Amount: $9,000.00 Broker Comment: I DISAGREE WITH THE COMPLAINT'S ATTORNEY'S USE OF WORDING. FIRST AND FOREMOST I DID NOT RECOMMEND INVESTMENT TO THIS CUSTOMER. CUSTOMER TRANSFERRED ASSETS INTO A BROKERAG ACCOUNT, RECEIVED STEADY DIVIDENDS FOR APPROXIMATELY 4 YEARS. DUE TO CHANGING ECONOMIC CONDITIONS IN WHICH COMPANY COMPETES, EARNINGS AND REVENUES DECLINED AND THE PREFERRED STOCKS VALUE DECLINED. I DID NOT OMIT ANY FACTS, MATERIAL OR OTHERWISE. MAJOR INVESTMENT FIRMS OTHER THAN MY EMPLOYER HAD INVESTMENT RECOMMENDATIONS ON SAID COMPANY.
Date: January 20, 2000 Category: Customer Dispute Allegations: I RECOMMENDED A CALLABLE CD AFTER FULY IDENTIFYING CLIENTS INVESTMENT OBJECTIVES AND RISK PARAMETERS. I FULLY EXPLAINED AND DISCLOSED ALL TERMS AND RISKS OF THE CD. CLIENT UNDERSTOOD AND AGREED TO PURCHASE. AFTER MORE THAN 2 YEARS CLIENT SAYS HE DID NOT UNDERSTAND INVESTMENTS. Damage Amount Requested: $22,500.00 Broker Comment: THIS COMPLAINT IS NO LONGER REPORTABLE DUE TO THE TWO YEAR TIME PERIOD HAVING ELAPSED.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for JAY ALAN WEINBERG, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.