JOHN BENJAMIN NELSON is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 210 COURT AVE STE 200, DES MOINES, IA, 50309-2208.
JOHN BENJAMIN NELSON has worked at LPL FINANCIAL LLC since August 11, 2011
JOHN BENJAMIN NELSON has 2 Disclosure Event(s).
Date: January 19, 2016 Category: Customer Dispute Allegations: CLAIMANT ALLEGES VIOLATION OF STATE LAW, BREACH OF FIDUCIARY DUTY, COMMON LAW FRAUD & MISREPRESENTATION, VIOLATION OF NASD CONDUCT RULES, NEGLIGENCE, AND RESPONDAET SUPERIOR. Damage Amount Requested: $240,000.00 Settlement Amount: $290,000.00 Broker Comment: A CLASS ACTION SETTLEMENT WAS REACHED. ONLY TWO MEMBERS OF THE SUIT HAD ANY AFFILIATION WITH MR. NELSON. THEY WERE CLIENTS OF ANOTHER ADVISOR AND NOT MR. NELSON. MR. NELSON WAS PART OF THE SUIT DUE TO SERVICE ROLES HE PERFORMED. PRIOR TO THE OVERTURNING OF THE CLASS ACTION THE CLIENTS OF THE OTHER ADVISOR RECEIVED $5,000 AS SETTLEMENT.
Date: January 19, 2016 Category: Customer Dispute Allegations: CLAIMANT HAS FILED AN ARBITRATION ALLEGING VIOLATION OF IOWA UNIFORM SECURITIES ACT, BREACH OF FIDUCIARY DUTY, COMMON LAW FRAUD AND MISREPRESENTATION. Damage Amount Requested: $280,000.00 Settlement Amount: $290,000.00 Broker Comment: A CLASS ACTION SETTLEMENT WAS REACHED, ONLY TWO MEMBERS OF A CLASS ACTION SETTLEMENT WAS REACHED. ONLY TWO MEMBERS OF THE SUIT HAD ANY AFFILIATION WITH MR. NELSON. THEY WERE CLIENTS OF ANOTHER ADVISOR AND NOT MR. NELSON. MR. NELSON WAS PART OF THE SUIT DUE TO SERVICE ROLES HE PERFORMED. PRIOR TO THE OVERTURNING OF THE CLASS ACTION THE CLIENTS OF THE OTHER ADVISOR RECEIVED $5,000 AS SETTLEMENT.
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 BENJAMIN NELSON, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More