RICHARD WESLEY HEVNER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 30 S 17TH ST 20TH FL, PHILADELPHIA, PA, 19103.
RICHARD WESLEY HEVNER has worked at WELLS FARGO CLEARING SERVICES, LLC since July 01, 2003
RICHARD WESLEY HEVNER has 4 Disclosure Event(s).
Date: January 29, 2016 Category: Customer Dispute Allegations: Client alleged failure to follow directions regarding the purchase of FaceBook stock on 05/06/2014. Settlement Amount: $17,501.00 Broker Comment: The client placed three market orders in June 2014. He was notified that they were complete, but one order didn't get executed. In January 2016 he realized the problem and asked what happened. Although well passed the policy limit to correct the problem, we made a business decision to correct the trade.
Date: March 15, 2001 Category: Customer Dispute Allegations: MISTAKEN LIQUIDATION OF ACCOUNT FEBRUARY 2000 AND SUBSEQUENT RE-INVESTMENT IN SECURITIES WITH DIFFERENT RISK CHARACTERISTICS IN MARCH 2000. Damage Amount Requested: $476,544.00 Settlement Amount: $160,000.00 Broker Comment: THE CLIENT CLAIMED THAT AN ERROR WAS MADE WITH THE INSTRUCTIONS TO LIQUIDATE AND THE SUBSEQUENT REPURCHASE OF THE SECURITIES IN THE ACCOUNT. THIS RESULTED IN A DIFFERENCE THAT THEY REQUESTED TO BE REFUNDED TO THEM. THE ACCOUNT HAD FULL DISCRETIONARY AUTHORITY AND NO CLAIM OF SECURITIES LAW VIOLATION WAS MADE.
Date: December 01, 1988 Category: Customer Dispute Allegations: THE CLAIMANT ALLEGED THAT HER FINANCIALADVISOR DID NOT FOLLOW HER INSTRUCTIONS TO BUY SEVERAL OPENSHORT POSITIONS. THE FINANCIAL ADVISOR PLACE LIMITED BUY ORDERSRATHER THAN MARKET ORDERS, AS HE INTERPRETED THE ORDERS TO BELIMIT ORDERS. THE LIMIT ORDERS WERE NOT EXECUTED AND THE MARKETMOVED PAST THE POSITION. Damage Amount Requested: $14,000.00 Settlement Amount: $14,000.00 Broker Comment: MATTER SETTLED FOR $14,000.00 MR. HEVNER ISCONTRIBUTING 1/2 OF SETTLEMENT AMOUNT.
Date: March 12, 1981 Category: Regulatory
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