STEVEN JAMES EVANS is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 3801 KENNETT PIKE, B-200, GREENVILLE, DE, 19807.
STEVEN JAMES EVANS has worked at WELLS FARGO CLEARING SERVICES, LLC since October 01, 1999
Disclosure History
STEVEN JAMES EVANS has 2 Disclosure Event(s).
Date: July 22, 2003 Category: Customer Dispute Allegations: PENNSYLVANIA CLIENT, THROUGH HIS ATTORNEY IN FACT, CLAIMS THAT HE WAS NOT TOLD OF THE RISKS AND FEES RELATED TO HIS MUTUAL FUND INVESTMENTS AND THE USE OF MARGIN IN HIS ACCOUNTS. CLIENT OPENED ACCOUNTS IN SEPTEMBER 1997 AND APRIL AND JULY OF 2001. CLIENT SEEKS REIMBURSEMENT FOR SALES CHARGES AND MARGIN INTEREST PAID, A SUM THAT APPEARS TO BE $9,555.35. Damage Amount Requested: $9,555.35 Broker Comment: CLAIM DENIED. THE ATTORNEY IN FACT REPEATEDLY USED MARGIN DURING THE MID TO LATE 1990S TO GENERATE CASH FOR THE CLIENT'S BENEFIT. AT THE TIME, THE ATTORNEY IN FACT INDICATED THAT HE WANTED TO USE THE ACCOUNT'S MARGIN PRIVILEGES, RATHER THAN LIQUIDATE ITS SECURITIES, SO THAT THE CLIENT COULD CONTINUE TO TAKE ADVANTAGE OF THE THEN-RISING STOCK MARKET. IN ADDITION, THE ADVISOR FULLY DISCLOSED THE RISKS AND FEES ASSOCIATED WITH THE CLIENT'S MUTUAL FUNDS BOTH BEFORE AND AFTER THE ATTORNEY IN FACT MADE THE INVESTMENTS. ALTHOUGH IT WAS THE ADVISOR'S UNDERSTANDING THAT THESE INVESTMENTS WERE TO SERVE THE CLIENT'S INVESTMENT HORIZON OF UP TO 5 YEARS, THE ATTORNEY IN FACT SOLD THEM AT A LOSS AFTER ONLY 16 MONTHS.
Date: October 09, 1995 Category: Customer Dispute Allegations: ATTORNEY FOR CLIENT ALLEGED THAT TRADING INACCOUNT WAS UNAUTHORIZED AND UNSUITABLE, AND IS SEEKING A CLAIMOF DAMAGES OF $72,500 WHICH HE CLAIMS IS LESS THAN THE TOTALLOSSES IN THE ACCOUNT Damage Amount Requested: $72,500.00 Settlement Amount: $32,000.00 Broker Comment: FOR BUSINESS PURPOSES, AND WITHOUT ADMITTING ANYLIABILITY ON THE PART OF THE FIRM, THE MATTER WAS SETTLED INTHE AMOUNT OF $32,000.00PREVIOUSLY COMMUNICATED TO CLIENTS THAT ACTIVITYWAS APPROPRIATE AND CONSISTENT WITH GOALS, INSTRUCTIONS ANDOTHER INVESTMENTS MADE BY CLIENTS.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for STEVEN JAMES EVANS, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.