BrokerSearch

BrokerSearch

JOHN DENIS FITZPATRICK

JOHN DENIS FITZPATRICK is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 600 52ND ST STE 100, KENOSHA, WI, 53140.

JOHN DENIS FITZPATRICK has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003

Disclosure History

JOHN DENIS FITZPATRICK has 2 Disclosure Event(s).

Date: February 21, 2012
Category: Customer Dispute
Allegations: CLIENT AND HER CPA ALLEGE THAT CLIENT WAS TOLD WITHDRAWALS FROM HER IRA WOULD MEET 72(T) REQUIREMENTS AND THAT SHE WAS NOT INFORMED THAT PENALTIES COULD OCCUR AS A RESULT OF THE EXCESS WITHDRAWALS. (01/02/2008 - 12/31/2011)
Damage Amount Requested: $19,502.25

Date: September 08, 1981
Category: Customer Dispute
Damage Amount Requested: $116,794.90 Damages Granted: $119,398.12
Broker Comment: IN 12/79, FITZPATRICK SOLD A CONTRACT TO A CLIENT OF ANOTHER BROKER WHO WAS ON VACACTION. THE BROKER HAD SOLD THE WRONG CONTRACT WITHOUT PATRICK'S KNOWLEDGE AND THE FIRM WILL BE AT A CFTC HEARING. FITZPATRICK IS NOT INVOLVED WITH THE INVESTIGATION. *** RECEIVED COPY OF COMMODITYFUTURES LAW REPORTS, WHICH INDICATES THE FOLLOWING REPARATIONS COMPLAINT: COMMODITY FUTURES TRADING COMMISSION; NO. R81-1328-82-432. OCTOBER 31, 1985. THE COMPLAINT WAS BROUGHT ABOUT BY [CUSTOMER], AGAINST THOMSON MCKINNON SECURITIES, INC., [BROKER], AND JOHN D. FITZPATRICK. IT WAS FILED SEPTEMBER 8, 1981. THE COMPLAINT ORIGINALLY CONSISTED OF FIVE COUNTS BUT HAS SINCE BEEN REDUCED TO TWO. COUNTS TWO AND THREE WHICH ALLEGE UNAUTHORIZED HANDLING OF A GOLD SALE AND SILVER TRADE RESPECTIVELY, HAVE BEEN SUBSUMED IN COUNT ONE WHICHALLEGES THE UNAUTHORIZED HANDLING OF A DECEMBER 1979 SILVERTRADE BY RESPONDENTS. COUNT FOUR CHARGES RESPONDENTS WITHFAILURE TO PROVIDE [CUSTOMER] WITH NEGOTIABLE RECEIPTS FOR THREE GOLD BARS OWNED BY [CUSTOMER] FROM 1973 UNTIL MARCH 1980. FINALLY, COUNT FIVE ALLEGING MISAPPROPRIATION OF 3.550 OUNCES OF GOLD WAS WITHDRAWN PRIOR TO HEARING. DISCUSSION AND CONCLUSION: "BY SUGGESTING A JANUARY DELIVERY WITHOUT ALSO ADVISING THAT THE JANUARY CONTRACT WAS DOUBLE IN SIZE TO THE DISCUSSED SILVER BAG STORAGE HOLDING, [BROKER] MISLED HIS CLIENT. AS AN ASSOCIATED PERSON WHO WAS ALSO GIVING TRADING ADVICE, [BROKER] IS EXPECTED TOKNOW THE DIFFERENT SIZES OF CONTRACTS ON THE DIFFERENT EXCHANGES AND THE VARYING DELIVERY CYCLES...[BROKER] DOES NOT DENY THAT HE POSSESSED THIS KNOWLEDGE. THEREFORE HIS FAILURE TO PROVIDE COMPLAINANT WITH THIS INFORMATION CAUSED COMPLAINANT TO TAKE ACTION CONTRARY TO THE DESIRED INTENT. THIS CONSTI*SEE FAQ #1*

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 JOHN DENIS FITZPATRICK, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.

How to choose a broker or investment adviser. Learn More