JEFFREY LINCOLN WYATT is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 1 INDEPENDENT DRIVE 20TH FL, [F4-RBO], JACKSONVILLE, FL, 32207.
JEFFREY LINCOLN WYATT has worked at WELLS FARGO CLEARING SERVICES, LLC since October 01, 2000
JEFFREY LINCOLN WYATT has 4 Disclosure Event(s).
Date: February 05, 2007 Category: Customer Dispute Allegations: FLORIDA RESIDENT'S SON WRITES THAT HIS MOTHER DID NOT UNDERSTAND THE INVESTMENT THAT SHE WAS PURCHASING AND SHE WAS NOT AWARE OF THE SURRENDER PENALTIES FOR EARLY WITHDRAWAL. THE CLIENT INVESTED $82,432.19 IN THE AMERICAN EXPRESS RIVERSOURCE VARIABLE ANNUITY ON 7/1/02 AND $36,772.31 IN THE AMERICAN EXPRESS RIVERSOURCE VARIABLE ANNUITY ON 7/3/02. THE CURRENT SURRENDER PENALTY TO LIQUIDATE BOTH ANNUITIES IS $6,420.47. Damage Amount Requested: $6,420.47 Settlement Amount: $8,167.09 Broker Comment: SETTLED FOR $8,167.09 IN THE INTEREST OF CLIENT RELATIONS AND TO AVOID MORE FORMAL, COSTLY PROCEEDINGS.
Date: September 27, 2004 Category: Customer Dispute Allegations: GEOGIA RESIDENT WRITES THAT FA SOLD CLIENT'S US TREASURY STRIPS 5/20/04 WITHOUT AUTHORIZATION, AND BOUGHT WACHOVIA MARKET POWER CD 5/25/04 WITH PROCEEDS. CLIENT WANTS TRADES REVERSED. APPROXIMATE COST TO DO SO WOULD BE $8500. Damage Amount Requested: $8,500.00 Broker Comment: CLAIM DENIED. FA RECALLS RECEIVING CLEAR ORDER FROM CLIENT TO BUY CD, ALSO FA GAVE CLIENT CHANCE TO CANCEL ORDER WHILE STILL IN THE OFFERING, BUT CLIENT TOLD HIM TO LET ORDER STAND.
Date: June 24, 2003 Category: Customer Dispute Allegations: CLIENT CLAIMS THAT HIS FINANCIAL ADVISOR DID NOT GIVE HIM SUITABLE ADVICE WHEN HE RECOMMENDED THAT HE PUT ALL OF HIS MONEY IN TECHNOLOGY STOCKS IN 2001. HE CLAIMS THAT HE LOST HIS ENTIRE INVESTMENT OF $96,000. Damage Amount Requested: $96,000.00 Broker Comment: THE FIRM'S REVIEW REVEALED FREQUENTLY COMMUNICATION WITH THE CLIENT CONCERNING HIS ACCOUNT, THIS STATED INVESTMENT OBJECTIVES WERE CONSISTENET WITH THE ACTIVITY IN THE ACCOUNT AND ALL OF THE ACTIVITY WAS TRANSACTED WITH THE CLIENT'S APPROVAL. THE CLAIMS OF WRONGDOING WERE DENIED IN THEIR ENTIRETY.
Date: December 21, 2001 Category: Customer Dispute Allegations: CLIENT CLAIMS TO HAVE NOT BEEN TOLD OF CDSC AT THE TIME OF SALE Damage Amount Requested: $7,181.37 Broker Comment: THE FIRM FOUND NO EVIDENCE TO SUPPORT THE ALLEGATIONS
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