JOSEPH ALAN MARSHALL

JOSEPH ALAN MARSHALL is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 8115 PRESTON RD, STE 300, DALLAS, TX, 75225.

JOSEPH ALAN MARSHALL has worked at WELLS FARGO CLEARING SERVICES, LLC since March 24, 1999

Disclosure History

JOSEPH ALAN MARSHALL has 4 Disclosure Event(s).

Date: March 13, 2016
Category: Customer Dispute
Allegations: Client alleged FA has not managed his account in a manner consistent with the account objectives. (1/1/2015-1/31/2016)
Settlement Amount: $100,000.00

Date: December 18, 2002
Category: Customer Dispute
Allegations: TEXAS RESIDENT, THROUGH HIS COUNSEL, CLAIMS THAT THE FA PLACED HIM IN UNSUITABLE INVESTMENTS WITH AN OVER-CONCENTRATION OF HIS INVESTMENTS BEING PLACED IN HIGHLY RISKY AND VOLATILE INVESTMENTS. THE CLIENT, THROUGH HIS COUNSEL, FURTHER CLAIMS THAT THE INVESTMENTS WERE INAPPROPRIATE FOR A RETIREMENT PORTFOLIO. THE ACTIVITY IN QUESTION OCCURRED DURING THE PERIOD OF TIME MARCH 1999 THROUGH NOVEMBER 2002. THE COMPLAINT SEEKS COMPENSATORY DAMAGES IN THE AMOUNT OF $1,590,919.00 PLUS ATTORNEY'S FEES.MATTER TRANSFERRED TO ARBITRATION ON 02/18/04. THOSE ALLEGATIONS: CLAIMANT ALLEGES UNSUITABLE INVESTMENTS IN IRA ACCOUNT. CLAIMED DAMAGES UNSPECIFIED BUT BELIEVED TO EXCEED $500,000.00
Damage Amount Requested: $500,000.00
Settlement Amount: $229,462.50
Broker Comment: MATTER TRANSFERRED TO ARBITRATION ON 02/18/2004. THIS MATTER SETTLED ON APRIL 23, 2007 FOR $225,000.00 PLUS MISCELLANEOUS COSTS FOR A TOTAL OF $229,462.50.

Date: December 16, 2002
Category: Customer Dispute
Allegations: TEXAS RESIDENT, THROUGH HIS COUNSEL, CLAIMS THAT THE FA PLACED HIM IN UNSUITABLE INVESTMENTS WITH "AN OVER-CONCENTRATION OF HIS INVESTMENTS BEING PLACED IN HIGHLY RISKY AND VOLATILE INVESTMENTS". THE CLIENT, THROUGH IS COUNSEL, FURTHER CLAIMS THAT THE INVESTMENTS WERE INAPPROPRIATE FOR A RETIREMENT PORTFOLIO. THE ACTIVITY IN QUESTION OCCURRED DURING THE PERIOD OF TIME MARCH 2001 THROUGH NOVEMBER 2002. THE COMPLAINT SEEKS COMPENSATORY DAMAGES IN THE AMOUNT OF $594,000 PLUS ATTORNEY'S FEES. MATTER TRANSFERRED TO ARBITRATION. THOSE ALLEGATIONS: CLAIMANT ALLEGES UNSUITABLE INVESTMENTS IN IRA ACCOUNT. CLAIMED DAMAGES UNSPECIFIED BUT BELIEVED TO EXCEED $500,000
Damage Amount Requested: $500,000.00
Settlement Amount: $149,999.00
Broker Comment: THIS MATTER SETTLED ON JUNE 11, 2007 FOR $149,999.00

Date: November 07, 2002
Category: Customer Dispute
Allegations: TEXAS CLIENT QUIESTION THE SELECTION OF VARIABLE ANNUITIES, AND THE INVESTMENTS WITHIN THESE ANNUITIES, FOR HER ACCOUNTS. ACCOUNTS WERE OPENED IN MARCH AND APRIL OF 1999. CLIENT DOES NOT SPECIFY DAMAGES, BUT THESE ARE REASONABLY ESTIMATED TO BE IN EXCESS OF $5000.
Damage Amount Requested: $5,001.00
Settlement Amount: $125,000.00
Broker Comment: ARBITRATION ALLEGATIONS: CLIENT ALLEGES UNSUITABLE SELECTION OF MUTUAL FUNDS WITHIN VARIABLE ANNUITIES SUBACCOUNTS. ALLEGED DAMAGES OF $500,000. SETTLED ON 06/02/2004 FOR $125,000.

More Information

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.

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