LOUIS PELLICCIONI is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 430 DRUMMOND ST STE 1, STE 100, MORGANTOWN, WV, 26505.
LOUIS PELLICCIONI has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003
Disclosure History
LOUIS PELLICCIONI has 5 Disclosure Event(s).
Date: June 22, 2009 Category: Customer Dispute Allegations: CLAIMANTS, RESIDENTS OF PENNSYLVANIA, ALLEGED DURING 2003-2007 FA RECOMMENDED AND IMPLEMENTED INAPPROPRIATE AND UNSUITABLE TRADING WHICH CAUSED THEIR ACCOUNTS LOSS IN PRINCIPAL. CLAIMANTS REQUESTED DAMAGES IN EXCESS OF $1,000,000. Damage Amount Requested: $1,000,000.00 Settlement Amount: $200,000.00 Broker Comment: WITHOUT ADMITTING ANY LIABILITY, THE FIRM SETTLED THE MATTER FOR $200,000 TO AVOID THE EXPENSE AND UNCERTAINTY OF ARBITRATION. FA PELLICCIONI CATEGORICALLY DENIES ALL ALLEGATIONS AND ASSUMED LIABILITY.
Date: December 12, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES HIS ACCOUNTS WERE CHURNED TO GENERATE COMMISSIONS OVER THE PAST 3 YEARS. DAMAGE UNSPECIFIED BUT BELIEVED TO BE IN EXCESS OF $5,000.00 Broker Comment: CLAIM WAS DENIED.
Date: March 15, 1995 Category: Customer Dispute Allegations: CUSTOMER WHO HAS SPENT PARTICALLY EVERY DAYTHE PAST 16 YEARS IN PRUDENTIAL SECURITIES` MORGANTOWN, WVALLEGES THAT HE SUFFERED DAMAGES EXCEEDING $600,000 DUE TONEGLIGENCE, FRAUD, ETC OF PRUDENTIAL SECURITIES AND THEINDIVIDUALLY NAMED RESPONDENTS. Settlement Amount: $300,000.00 Broker Comment: ALL CLAIMS AGAINST RESPONDENT PELLICCIONI WERECOMPLETELY DISMISSED WITH PREJUDICE. PRUDENTIAL SECURITIESSETTLED ALL CLAIMS AGAINST IT FOR $300,000.Not Provided
Date: July 08, 1993 Category: Customer Dispute Allegations: SUITABILITY; BREACH OF FIDUCIARY DUTY;ACCOUNT RELATED NEGLIGENCE; OTHER. CLIENT ALLEGES COMPENSATORYDAMAGES OF $58,000.00 Damage Amount Requested: $58,800.00 Settlement Amount: $44,500.00 Broker Comment: THIS MATTER WAS SETTLED WITHOUT ADMISSION ORDENIAL OF LIABILITY FOR $44,500.00PRODUCT PERFORMANCE RELATED CLAIM.
Date: July 01, 1991 Category: Customer Dispute Allegations: CLAIMANT ALLEGED VARIOUS LPS WERE UNSUITABLEFOR HIM AND SOUGHT $106,000.00. Damage Amount Requested: $106,000.00 Settlement Amount: $27,500.00 Broker Comment: CLAIM WAS SETTLED FOR $27,500.00. BROKER WASNOT ASKED IN CONTRIBUTE.WHEN [CUSTOMER] WAS A CLIENT HE WAS VERYSUITABLE FOR ALL INVESTMENTS. HIS PRESENT MEDICAL PROBLEM,THROUGH SAD HAVE NOTHING TO DO WITH THE MAN I MET WITH YEARSAGO. UNFORTUNALLY THIS MAN IS USING HIS PRESENT MEDICALPROBLEM TO LEACH MONEY. I WAS & AM WILLING TO TAKE A LIEDETECTOR TEST AS TO THE TRUTH OF MY STATEMENT THAT HIS PHYSICALPROBLEMS WERE NEVER EVIDENT OR DISCLOSED. I WAS TOTALLYAGAINST ANY SETTLEMENT.
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