JEFFREY HUBERT VELEPEC is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 500 LEE ST E, CHARLESTON, WV, 25301.
JEFFREY HUBERT VELEPEC has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since October 21, 1987
Disclosure History
JEFFREY HUBERT VELEPEC has 1 Disclosure Event(s).
Date: March 09, 1998 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT IN A THREE YEAR TIMEPERIOD HE HAD LOSSES ON SPECIFIC MUTUAL FUNDS AND STOCKPOSITIONS OF APPROX. $17,588.00. HE ALLEGES THAT HE WOULD NOTHAVE CONSENTED TO THE TRRADES IF HE KNEW HE WOULD LOSE MONEY ONTHESE INVESTMENTS. Damage Amount Requested: $17,588.00 Broker Comment: CUSTOMER'S ALLEGATIONS DETERMINED TO BE WITHOUTMERIT.A REVIEW OF THE ACTIVITY IN THE CUSTOMER'SACCOUNTS DETERMINED THAT OVERALL THE ACCOUNTS WERE PROFITABLE.MR. VELEPEC DISCUSSED ALL TRADING ACTIVITY WITH THE CUSTOMERAND CUSTOMER WAS ACTIVELY INVOLVED IN TRADING STRATEGY.INVESTMENTS WERE CONSISTENT WITH CUSTOMER'S INVESTMENTOBJECTIVE OF INCOME. CUSTOMER ALLEGED LOSSES DURING 1995. AREVIEW OF THE ACTIVITY INDICATED CUSTOMER'S ACCOUNTS PERFORMEDWELL DESPITE MANY WITHDRAWALS.
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