SCOTT GEORGE PINKERTON is currently employed as a Broker and/or Investment Adviser at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC located at 310 W VENICE AVE, STE 201, VENICE, FL, 34285.
SCOTT GEORGE PINKERTON has worked at WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC since July 15, 2016
Disclosure History
SCOTT GEORGE PINKERTON has 6 Disclosure Event(s).
Date: November 01, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES THE INVESTMENT STYLE USED BY MONEY MANAGERS ON CLIENT'S ACCOUNTS WAS INAPPROPRIATE FOR A RETIRED COUPLE. AMOUNT OF DAMAGES ARE UNDISCLOSED, BUT AFTER A GOOD-FAITH DETERMINATION, REASONABLY BELIEVED TO EXCEED $5,000.00. (01/01/1993-10/03/2011) ***ARBITRATION ALLEGATIONS: CLAIMANTS ALLEGE INVESTMENTS MADE FROM 1993 - 2011 WERE UNSUITABLE. CLAIMANT ALLEGES DAMAGES OF AT LEAST $500,000. Settlement Amount: $100,000.00 Broker Comment: RESPONDENTS SETTLED THE MATTER TO AVOID THE EXPENSE OF LITIGATION.
Date: February 04, 2008 Category: Customer Dispute Allegations: ALLEGE FAILURE TO FOLLOW INSTRUCTIONS AND UNSUITABLE INVESTMENT. DAMAGES ESTIMATED TO BE ABOVE $5,000. (12/14/07 & THE PURCHASE DATE OF THE ANNUITY IS NOT KNOWN) Broker Comment: I DENY THE ALLEGATIONS. THIS IS A DISCRETIONARY MANAGED ACCOUNT. I MADE NUMEROUS ATTEMPTS TO HAVE THE MANAGER LIQUIDATE AND THEY WOULDN'T/DIDN'T. I WAS IN THE PROCESS OF TALKING WITH THE MANAGER TO PERSUADE THEM TO ACT ON THE CLIENTS REQUEST, WHEN WE RECEIVED TRANSFER INSTRUCTIONS TELLING US TO CANCEL ANY OPEN ORDERS. I TOLD THE CLIENT'S SON THAT THE BEST WAY TO ACCOMPLISH THIS WAS TO TERMINATE THE MANAGEMENT CONTRACT AND ALLOW US TO SELL THE LISTED SECURITIES AT THE BRANCH. HE DIDN'T WANT TO PROCEED THAT WAY.
Date: September 25, 2003 Category: Customer Dispute Allegations: ALLEGED UNSUITABLE INVESTMENTS AND MISMANAGEMENT OF ACCOUNT. Settlement Amount: $31,522.39 Broker Comment: CLIENT WANTED A PORTFOLIO THAT WOULD OUTPERFORM THE MARKET AND PARTICIPATED IN SECURITY RESEARCH AND SELECTION. THE ACCOUNT SUFFERED LOSSES GREATER THAN THE MARKET. WE AGREED TO SETTLE THE CLAIM IN ORDER TO RESOLVE DIFFERENCES AND MAINTAIN THE RELATIONSHIP.
Date: March 08, 2000 Category: Customer Dispute Allegations: CLIENTS ALLEGED FAILURE TO FOLLOW INSTRUCTIONS. Settlement Amount: $4,954.00 Broker Comment: FINANCIAL ADVISOR STATED THAT STOP LOSS ORDERS WERE NOT GIVEN AS CLIENT ALLEGED. THE FIRM AND FINANCIAL ADVISOR MADE A BUSINESS DECISION TO SETTLE THE COMPLAINT.
Date: March 19, 1999 Category: Customer Dispute Allegations: POOR INVESTMENT ADVICE; ALLEGING LOSSES OF$30,000. Damage Amount Requested: $30,000.00 Settlement Amount: $5,000.00 Broker Comment: CLIENT COMPLAINED ABOUT THE PERFORMANCE OF THE ACCOUNT IN LIGHT OF THE POSITIVE PERFORMANCE OF THE MARKET IN 1999. A.G. EDWARDS MADE A BUSINESS DECISION TO SETTLE THE MATTER.
Date: November 07, 1990 Category: Customer Dispute Allegations: ALLEGED MISREPRESENTATION AND FAILURE TOFOLLOW INSTRUCTIONS Damages Granted: $8,648.24 Broker Comment: ARBITRATION AWARD: RESPONDENTS A. G. EDWARDS & SONS., [THIRD PARTY], AND SCOTT PINKERTON SHALL PAY THE CLAIMANT THE SUM OF $8,648.24. PINKERTON CONTINUES TO DENY THAT [CUSTOMER'S] ACCOUNT WAS MISHANDLED IN ANY WAY. PINKERTON SPECIFICALLY STATES THAT [CUSTOMER] WAS FULLY ADVISED OF THE POTENTIAL RISKS OF THE FRANKLIN UNIVERSAL TRUST, AND THAT SHE WILLINGLY ASSUMED THAT RISK TO RECEIVE FRANKLIN'S ATTRACTIVE YIELD.
More Information
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