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
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.
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