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
Disclosure History
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.
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