SCOTT BRADLEY MOLT is currently employed as a Broker and/or Investment Adviser at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC located at 5110 N 44TH ST, STE L200, PHOENIX, AZ, 85018.
SCOTT BRADLEY MOLT has worked at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC since April 16, 2010
Disclosure History
SCOTT BRADLEY MOLT has 3 Disclosure Event(s).
Date: October 21, 1993 Category: Customer Dispute Allegations: THE ABOVE CLIENT SUBMITTED A CLAIM FORM TOTHE CLAIMS RESOLUTION PROCESS RELATING TO LIMITED PARTNERSHIPSPURCHASED DURING THE PERIOD OF 6/88-4/90. THE ABOVED MENTIONEDBROKER WAS THE BROKER OF RECORD DURING THE TIME OF THEPURCHASE. NO DAMAGES WERE ALLEGED, BUT THE AMOUNT OF ACTUALLOSS WAS APPROXIMATELY $57,038. Damage Amount Requested: $57,038.00 Settlement Amount: $127,184.00 Broker Comment: SETTLEMENT WITH THE ABOVE REFERENCED CLIENT WASREACHED IN THE CLAIM RESOLUTION PROCESS. THE AMOUNT OF THESETTLEMENT WAS $127,184.ON 7/19/95, THE CLIENT WROTE THE NASD/SRR ANDSTATED EMPHATICALLY IN HIS CORRESPONDENCE THAT THE COMPLAINTWAS AGAINST PSI AND NOT MR MOLT (SEE ATTACHED CORRESPONDENCE).WITH REGARD TO THE CLAIM RESOLUTION PROCESS, THIS MATTERRESULTED FROM THE UNPRECEDENTED UNSOLICITIED MAILING OF CLAIMFORMS BY PSI TO OVER 340,000 INVESTORS WHO PRUCHASED LIMITEDPARTNERSHIPS THROUGH PSI FROM 1/1/80 TO 1/1/91. THE ABOVEREFERENCED CLIENT SUBMITTED A CLAIM FORM IN RESPONSE TO THISMAILING. THE CLAIM FORM WAS EVALUATED BY PSI IN ACCORDANCEWITH THE STANDARDS ESTABLISHED UNDER THE SETTLEMENT BETWEENPSI, THE SEC, NASD & THE STATE SECURITIES ADMINISTRATORS. THEREPORTED SETTLEMENT RESULTED OUT OF THIS UNIQUE PROCESS.
Date: October 21, 1993 Category: Customer Dispute Allegations: NO ALLEGATIONS WERE MADE AGAINST SCOTT MOLT.MOLT WAS ONLY THE BROKER OF RECORD. Damage Amount Requested: $13,549.00 Settlement Amount: $20,144.00 Broker Comment: SCOTT MOLT WAS IN NO WAY, SHAPE OR FORM FOUNDRESPONSIBLE FOR ANY WRONG DOING OR DAMAGES. PRUDENTIALSECURITIES SETTLED WITH [CUSTOMER], AS WELL AS 1000'S OFOTHERS WHO FILED IN THE CLASS ACTION. [CUSTOMER] SHARED IN ASETTLEMENT OF OVER $2 BILLION THAT PRUDENTIAL SECURITIES WASRESPONSIBLE FOR.PRUDENTIAL SECURUTIES, THROUGH A SETTLEMENT WITHTHE SEC, NASD AND STATE SECURITIES ADMINISTRATORS, WAS REQUIREDTO SETTLE WITH THOUSANDS OF FORMER CUSTOMERS REGARDINGPRUDENTIAL SECURITIES MARKETING OF LIMITED PARTNERSHIPSTHROUGHOUT THE 1980S & EARLY 1990S. SCOTT MOLT WAS IN NO WAY,SHAPE OR FORM FOUND RESPONSIBLE FOR ANY WRONG DOING OR MONETARYDAMAGES.
Date: October 21, 1993 Category: Customer Dispute Allegations: NO ALLEGATIONS WERE MADE AGAINST SCOTT MOLT.MOLT WAS ONLY THE BROKER OF RECORD. Damage Amount Requested: $88,132.00 Settlement Amount: $37,750.00 Broker Comment: SCOTT MOLT WAS IN NO WAY, SHAPE OR FORM FOUNDRESPONSIBLE FOR ANY WRONG DOING OR DAMAGES. PRUDENTIALSECURITIES SETTLED WITH [CUSTOMER], AS WELL AS 1000'S OFOTHERS WHO FILED IN THE CLASS ACTION. [CUSTOMER] SHARED IN ASETTLEMENT OF OVER $2 BILLION THAT PRUDENTIAL SECURITIES WASRESPONSIBLE FOR.PRUDENTIAL SECURUTIES, THROUGH A SETTLEMENT WITHTHE SEC, NASD AND STATE SECURITIES ADMINISTRATORS, WAS REQUIREDTO SETTLE WITH THOUSANDS OF FORMER CUSTOMERS REGARDINGPRUDENTIAL SECURITIES MARKETING OF LIMITED PARTNERSHIPSTHROUGHOUT THE 1980S & EARLY 1990S. SCOTT MOLT WAS IN NO WAY,SHAPE OR FORM FOUND RESPONSIBLE FOR ANY WRONG DOING OR MONETARYDAMAGES.
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