SCOTT KENNETH ELGER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 6810 N KNOXVILLE AVE 1ST FL, PEORIA, IL, 61614.
SCOTT KENNETH ELGER has worked at WELLS FARGO CLEARING SERVICES, LLC since November 16, 2017
SCOTT KENNETH ELGER has 3 Disclosure Event(s).
Date: March 13, 2008 Category: Customer Dispute Allegations: CUSTOMER COMPLAINS ABOUT INVESTMENT LOSSES IN DREMAN VALUE INCOME EDGE FUND INC. Damage Amount Requested: $25,000.00 Settlement Amount: $4,500.00 Broker Comment: OCCURRENCE NUMBER 1384128 AND OCCURRENCE NUMBER 1399000 ARE THE EXACT SAME MATTER, THE [CUSTOMER] CUSTOMER COMPLAINT. THEY ARE THE SAME COMPLAINT FROM THIS CUSTOMER, NOT TWO DIFFERNET COMPLAINTS FROM THIS CUSTOMER. BAIRD INITIALLY RECEIVED THIS COMPLAINT IN DECEMBER 2007, THE SAME COMPLAINT WAS ALSO SENT TO FINRA IN JANUARY 2008, WHO SUBSEQUENTLY FORWARED IT ON TO BAIRD. HOWEVER THE ALLEGED DAMAGES WAS INCREASED FROM $22,000.00 TO $25,000.00 AT THAT TIME. THE CLOSED-END FUND THE CUSTOMER IS ALLEGING A LOSS IN, WAS ACTUALLY PURCHASED AT MORGAN STANLEY DW INC. BAIRD INFORMED MORGAN STANLEY DW INC. THAT WE WERE REPORTING THIS MATTER. BAIRD DENIED THE CUSTOMER COMPLAINT ON 02/14/08.
Date: February 09, 2004 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT THEY WERE OVER-CONCENTRATED IN A SINGLE TECHNOLOGY STOCK AND INVESTED TOO AGGRESSIVELY. Damage Amount Requested: $235,000.00 Settlement Amount: $17,000.00 Broker Comment: MR. ELGER AND MORGAN STANLEY VIGOROUSLY DENIED ANY WRONGDOING. THIS MATTER WAS SETTLED PURELY FOR CUSTOMER RELATION PURPOSES AND IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OF TRIAL.
Date: April 01, 1990 Category: Regulatory Initiated By: ILLINOIS DEPARTMENT OF INSURANCE Allegations: FC WAS ALLEGED TO HAVE SOLD TWO DEFERREDANNUITIES TO TWO CLIENTS DURING A PERIOD WHEN FC'S INSURANCEPRODUCER'S LICENSE HAD LAPSED. Resolution: Consent Sanction Details: CONSENT TO SELL INSURANCE ONLY WHILE MAINTAININGA VALID INSURANCE PRODUCER'S LICENSE AND CIVIL FORFEITURE OF$500.00. Broker Comment: SHEARSON LEHMAN BROTHERS HAD CHANGED FROM NAT'LSURETY BONDING CO. TO MARSH & MCCLENNAN FOR BONDINGREQUIREMENTS. MY BOND WAS NOT TRANSFERRED DUE TO BACK OFFICEERROR. THIS CAUSED MY INSURANCE LICENSE TO BE CANCELLED. IWAS TOLD THAT THE SITUATION WAS RECTIFIED IN SEPTEMBER 1988WHEN IN FACT IT WAS NOT. THIS CAUSED ME TO WRITE AND SUBMITANNUITY CONTRACTS NOT KNOWING THAT MY INSURANCE LICENSE WASSTILL IN DEFAULT.
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