STEPHEN J SMOLA is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 3800 EMBASSY PKWY STE 100, AKRON, OH, 44333.
STEPHEN J SMOLA has worked at WELLS FARGO CLEARING SERVICES, LLC since November 21, 2008
Disclosure History
STEPHEN J SMOLA has 2 Disclosure Event(s).
Date: May 29, 1996 Category: Regulatory
Date: August 10, 1993 Category: Customer Dispute Allegations: CLAIMANTS ALLEGED THAT THEY WERE FRAUDULENTLYINDUCED TO MAKE UNSUITABLE INVESTMENTS IN STOCKS, OPTIONS ANDMUTUAL FUNDS AND SOUGHT $168,457.00 IN COMPENSATORY DAMAGES,$100,000 IN PUNITIVE DAMAGES, INTEREST, ATTORNEYS' FEES ANDCOSTS. CLAIMANTS ALSO ALLEGED THEY WERE PROMISED 12% RETURNPER YEAR WITH RISK NO MORE THAN 5%. Damage Amount Requested: $168,457.00 Damages Granted: $70,786.59 Broker Comment: $70,786.59RESPONDENTS STRONGLY TAKE ISSUE WITH THEARBITRATORS' DECISION. CLAIMANT [CUSTOMER] ACTIVELYPARTICIPATED IN THE TRADING WHICH WAS THE SUBJECT OF THECOMPLAINT. FURTHER, THE PANEL REFUSED TO ADMIT INTO EVIDENCE ACOMPLAINT WITH NEARLY IDENTICAL ALLEGATIONS FILED BY [CUSTOMER]USING THE SAME COUNSEL ONLY TWO YEARS PRIOR IN ANOTHER CASEINVOLVING A FAILED REAL ESTATE INVESTMENT.
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