JOHN MICHAEL JONES is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 500 LEE ST STE 1200, LAIDLEY TOWER, CHARLESTON, WV, 25301.
JOHN MICHAEL JONES has worked at WELLS FARGO CLEARING SERVICES, LLC since March 14, 2003
Disclosure History
JOHN MICHAEL JONES has 3 Disclosure Event(s).
Date: May 21, 2010 Category: Customer Dispute Allegations: CLIENT ALLEGES UNAUTHORIZED TRADING. FIRM CANNOT MAKE A GOOD FAITH DETERMINATION THAT THE DAMAGES FROM THE ALLEGED CONDUCT WOULD BE LESS THAN $5000.00. (03/23/2010-03/31/2010) Broker Comment: IN RESPONSE TO THE ALLEGATIONS OF UNAUTHORIZED TRADING IN THE ACCOUNTS OF THE CLIENT I WISH TO STATE THAT I CATEGORICALLY DENY THE ALLEGATIONS. ALL TRADES WERE DONE WITH THE COMPLETE KNOWLEDGE AND FULL UNDERSTANDING OF THE CLIENT.
Date: January 05, 2004 Category: Customer Dispute Allegations: CLAIMANT ALLEGES FA MADE UNSUITABLE INVESTMENTS Damage Amount Requested: $42,320.44 Settlement Amount: $15,000.00
Date: April 07, 2003 Category: Customer Dispute Allegations: PLAINTIFF ALLEGES UNSUITABLE RECOMMENDATIONS AND TRANSACTIONS IN HIS ACCOUNT. PLAINTIFF FURTHER ALLEGES MISREPRESENTATIONS OF MATERIAL FACTS, INCLUDING THOSE MADE IN CONNECTION WITH RESEARCH RECOMMENDATIONS. PLAINTIFF DOES NOT ALLEGE A SPECIFIC AMOUNT OF COMPENSATORY DAMAGES. Damages Granted: $393,070.59 Broker Comment: LITIGATION HAS BEEN DISMISSED AND COMPELLED TO ARBITRATION.
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