RONNY LYNN KNIGHT is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 9442 N CAPITAL OF TEXAS HWY STE 2-700, AUSTIN, TX, 78759.
RONNY LYNN KNIGHT has worked at WELLS FARGO CLEARING SERVICES, LLC since May 01, 2009
Disclosure History
RONNY LYNN KNIGHT has 3 Disclosure Event(s).
Date: January 18, 2005 Category: Customer Dispute Allegations: REGARDING THREE ANNUITIES PURCHASED IN 2001 AND 2002, CLIENT STATES THAT "THE ANNUITY AS STRUCTURED CAN DISQUALIFY [THE CLIENT] FROM ANY FUTURE GOVERNMENT BENEFITS. . . . [B]ECAUSE [THE BROKER] WAS AWARE OF [THE CLIENT'S] DISABILITY, THESE ANNUITIES SHOULD NEVER HAVE BEEN SOLD." CLIENT'S ATTORNEY DEMANDS WAIVER OF OR COMPENSATION FOR SURRENDER CHARGES ESTIMATED TO EXCEED $5,000. ----BY LETTER RECEIVED ON 9/21/05, CLIENT, THROUGH ATTORNEY, ALLEGES THAT THE PURCHASE OF THE ANNUITY IN QUESTION "AS IT ACTUALLY OCCURRED" (I.E., DESIGNATING THE INDIVIDUAL BENEFICIARIES AS OWNERS) WAS AN UNAUTHORIZED TRADE" AND FURTHER CLAIMS THAT "THE TRUSTEES ADVISED RON KNIGHT IN WRITING ON FEBRUARY 4, 2002, OF THE IMPROPER OWNER/BENEFICIARY/ANNUITANT DESIGNATIONS. THIS RAISES A CLAIM FOR FAILURE TO FOLLOW CLIENT INSTRUCTIONS." TIME PERIOD IS 2002. Settlement Amount: $26,988.38 Broker Comment: THE INVESTMENT, A FIXED ANNUITY, WAS RECOMMENDED TO THE CLIENT BASED ON INFORMATION SHE PROVIDED TO ME.
Date: October 22, 2002 Category: Customer Dispute Allegations: CUSTOMER CLAIMS THAT THE INVESTMENTS IN THE ACCOUNT WERE NOT APPROPRIATE BASED UPON THEIR CONSERVATIVE RISK PROFILE. Damage Amount Requested: $84,334.00
Date: March 01, 1982 Category: Customer Dispute Allegations: W.DIST. OF TEXAS MISMANAGEMENT OF ACCOUNT ANDUNSUITABILITY OF INVESTMENTS. ALLEGED DAMAGES OF $74,804.97. Damage Amount Requested: $74,804.97 Broker Comment: SETTLEMENT REACHED WITH NO FINDING OF FAULT ORLIABILITY. COMPROMISED AND SETTLED, SUIT DISMISSED WITHPREJUDICE.THE COMPLETE STATUS OF THIS CASE WAS MONITORED ANDREPORTED TO PAINEWEBBER AT ALL STAGES.
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