JOHN ANDREW SWANSON is currently employed as a Broker and/or Investment Adviser at WEDBUSH SECURITIES INC. located at 5800 OWENSMOUTH AVE, UNIT 40, WOODLAND HILLS, CA, 91367.
JOHN ANDREW SWANSON has worked at WEDBUSH SECURITIES INC. since January 03, 2003
Disclosure History
JOHN ANDREW SWANSON has 4 Disclosure Event(s).
Date: May 04, 2006 Category: Customer Dispute Allegations: CLIENT'S COUNSEL FORWARDED TO THE FIRM, A COPY OF THE CLIENT'S MONHTLY STATEMENT AS WELL AS PRELIMINARY CASH FLOW ANALYSIS OF THEIR ACCOUNT. CLIENT'S COUNSEL CLAIMS THAT THE "FACTS OF THIS CASE ARE VIRTUALLY IDENTICAL" TO OTHER ALLEGATIONS THEY RAISED ON BEHALF OF ANOTHER CLIENT. A REVIEW OF THAT CASE SHOWS THAT THOSE ALLEGATIONS WERE "UNSUITABLE RECOMMENDATIONS,UNSUITABLE INVESTMENT STRATEGY, MISREPRESENTATIONS AND OMMISSIONS, AND MISMANAGEMENT." ALLEGED DAMAGES ESTIMATED TO BE OVER $5,000.00 Settlement Amount: $6,600.00
Date: February 04, 2005 Category: Customer Dispute Allegations: CLAIMANTS ALLEGED UNSUITABILITY, FRAUD,MISREPRESENTATION, AND BREACH OF FIDUCIARY DUTY IN CONNECTION WITH THE TRANSACTIONS IN THEIR ACCOUNTS. Damage Amount Requested: $1,261,300.00 Settlement Amount: $250,000.00
Date: July 30, 2004 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE UNSUITABLE AND UNAUTHORIZED TRADES,OVER-CONCENTRATION, NEGLIGENCE, OMISSION OF MATERIAL INFORMATION,BREACH OF FIDUCIARY DUTY IN CONNECTION TO THE PURCHASES IN THEIR ACCOUNTS. DAMAGES UNSPECIFIED. Settlement Amount: $87,500.00 Broker Comment: I HAD NO OPINION IN THE MEDIATION OR NEGOTIATION PROCESS. UBS AGREED TO SETTLE THE MATTER RATHER THAN GOING FORWARD WITH ARBITRATION.
Date: November 15, 2002 Category: Employment Separation After Allegations Firm Name: UBS PAINEWEBBER Termination Type: Discharged Allegations: GAVE INCONSISTENT ANSWERS REGARDING AN INTERNAL INQUIRY REGARDING A FAMILY RELATED UBS PAINEWEBBER CUSTOMER ACCOUNT(U-5 LANGUAGE) Broker Comment: IN OCTOBER OF 2002, MY MOTHER'S ACCOUNT WAS MANAGED BY MY BROTHER AND I TOLD MY MANAGER IT WAS NOT. HE LATER FOUND OUT IT WAS MANAGED BY MY BROTHER, AND HE WAS UNAUTHORIZED TO DO SO.
More Information
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