JEFFREY MICHAEL FRATARCANGELI is currently employed as a Broker and/or Investment Adviser at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC located at 300 PARK ST, STE 265, BIRMINGHAM, MI, 48009.
JEFFREY MICHAEL FRATARCANGELI has worked at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC since March 28, 2014
Disclosure History
JEFFREY MICHAEL FRATARCANGELI has 4 Disclosure Event(s).
Date: January 03, 2013 Category: Customer Dispute Allegations: THE CUSTOMERS ALLEGE UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION AND OMISSION OF MATERIAL FACTS FROM APRIL 2011 TO JULY 2012.. Damage Amount Requested: $527,724.60 Settlement Amount: $197,500.00 14-03213
Date: July 02, 2010 Category: Customer Dispute Allegations: THE CUSTOMERS ALLEGE UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION FROM OCTOBER 2008 TO SEPTEMBER 2009. Damage Amount Requested: $125,000.00 Settlement Amount: $33,000.00 Broker Comment: MR. FRATARCANGELI DENIES ALL OF THE ALLEGATIONS IN THE STATEMENT OF CLAIM. THE UNDERLYING INVESTMENT AT ISSUE IN THE STATEMENT OF CLAIM WAS NOT PURCHASED AT MERRILL LYNCH AND MR. FRATARCANGELI WAS NOT INVOLVED IN THE CLAIMANT'S DECISION TO INVEST. THIS MATTER WAS SETTLED SOLELY FOR BUSINESS REASONS TO AVOID THE EXPENSE OF LITIGATION. MR. FRATARCANGELI DID NOT CONTRIBUTE TO THE SETTLEMENT OF THIS MATTER. THIS FILING IS NOT A DUPLICATE WITH ANOTHER DRP WITH SAME FINRA CASE NUMBER. THE COMPLAINTS ORIGINATED AT DIFFERENT FIRMS AND THE CUSTOMER ALLEGATION IS SLIGHTLY DIFFERENT.
Date: June 11, 2010 Category: Customer Dispute Allegations: VIOLATION OF STATE SECURITIES FRAUD STATUTES; BREACH OF CONTRACT; BREACH OF FIDUCIARY DUTY; FRAUD, SILENT FRAUD, AND NEGLIGENT MISREPRESENTATION; NEGLIGENCE; AND VIOLATION OF FINRA AND INDUSTRY RULES OF FAIR PRACTICE. Damage Amount Requested: $165,000.00 Broker Comment: THE PANEL FOUND CITIGROUP LIABLE FOR $113,598 OF THE $165,000 COMPENSATORY DAMAGES CLAIMANTS' SOUGHT. THE PANEL FURTHER ORDERED THAT CITIGROUP PAY CLAIMANTS INTEREST, COST, ATTORNEY FEES AND A SANCTION FOR FAILURE TO PRODUCE CERTAIN DOCUMENTS. FA FRATARCANGELI WAS NOT NAMED AS A RESPONDENT AND WAS NOT ASKED TO CONTRIBUTE TO THE SETTLEMENT.
Date: July 20, 2006 Category: Customer Dispute Allegations: CUSTOMER ALLEGES, IN WRITING, A "LACK OF KNOWLEDGE AND INFORMATION" GIVEN TO HER IN CONNECTION WITH HER INVESTMENTS. WHILE CUSTOMER HAS NOT ALLEGED A SPECIFIC DAMAGE AMOUNT, HER LOSSES ARE BELIEVED TO BE IN EXCESS OF $5,000.00 ADDITIONALLY, WHILE CUSTOMER HAS NOT ALLEGED A SPECIFIC TIME PERIOD, HER ACCOUNTS WERE OPENED IN AUGUST 2000.
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