PETER STEPHEN GIANNONE

PETER STEPHEN GIANNONE is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 1133 WESTCHESTER AVE 3RD FL, STE S331, WHITE PLAINS, NY, 10604.

PETER STEPHEN GIANNONE has worked at WELLS FARGO CLEARING SERVICES, LLC since January 01, 2008

Disclosure History

PETER STEPHEN GIANNONE has 2 Disclosure Event(s).

Date: March 24, 2014
Category: Customer Dispute
Allegations: COMPLAINT: THE CLIENT ALLEGES THAT THE FA RECOMMENDED AND EXECUTED AN UNSUITABLE INVESTMENT STRATEGY THAT RESULTED IN THE CLIENT INCURRING A CAPITAL GAINS TAX LIABILITY. (07/31/2013, 08/01/2013-12/10/2013)**ARBITRATION: CLAIMANT ALLEGES IN 2013 FA MISREPRESENTED INVESTING IN A MANAGED DIVERSIFIED STOCK INCOME PLAN AND EXECUTED AN UNSUITABLE INVESTMENT STRATEGY.
Damage Amount Requested: $97,224.00
Settlement Amount: $34,000.00
Broker Comment: Without admitting liability, the firm decided to settle the matter for $34,000.00 and $975.00 in reimbursement of filing fees to avoid the additional costs of protracted litigation. The firm made a business decision to resolve the matter without seeking contribution from the FA. FA denies all allegations.

Date: October 08, 2008
Category: Customer Dispute
Allegations: ALLEGED UNSUITABLE RECOMMENDATION AND INVESTMENT AND THAT I ASSURED THE PRODUCT WAS SAFE. ALLEGED DAMAGES, NOT SPECIFIED, BUT BELIEVED TO EXCEED $5,000. (APRIL, 2008)
Broker Comment: THIS COMPLAINT AROSE OUT OF A RARE AND UNUSUAL DEVELOPMENT WHICH I DID NOT AND COULD NOT ANTICIPATE.

More Information

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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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