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
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.
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 ANDREW SWANSON, 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