THOMAS GEORGE LENZE is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 1435 FILLMORE ST, TWIN FALLS, ID, 83301.
THOMAS GEORGE LENZE has worked at WELLS FARGO CLEARING SERVICES, LLC since September 14, 2012
Disclosure History
THOMAS GEORGE LENZE has 8 Disclosure Event(s).
Date: November 24, 2015 Category: Customer Dispute Allegations: Claimant alleged, inter alia, misrepresentation and unsuitability with respect to managed accounts - January 2008 to March 2010. Damage Amount Requested: $550,000.00 Broker Comment: The Panel issued an Award on 02/27/2017, after an evidentiary hearing on the merits, that denied all claims in their entirety.
Date: May 21, 2015 Category: Financial Type: Bankruptcy Disposition: Discharged Broker Comment: This action was initiated due to an arbitration with Morgan Stanley where Morgan Stanley was awarded $826,000 plus interest. Tom was awarded $100,000 for breach of contract which remains uncollected. He has over 41 years in this industry and was compelled to file, in order to continue work.
Date: February 20, 2013 Category: Financial Type: Compromise Disposition: Satisfied/Released Broker Comment: THIS EVENT WAS DUE TO A SHORT SALE OF A HOME IN KETCHUM, IDAHO.
Date: February 20, 2013 Category: Financial Type: Compromise Disposition: Satisfied/Released Broker Comment: THIS EVENT WAS DUE TO A SHORT SALE FOR A HOME IN KETCHUM, IDAHO.
Date: July 16, 2009 Category: Customer Dispute Allegations: CUSTOMER ALLEGES FAILURE TO FOLLOW INSTRUCTIONS IN OCTOBER 2008. Damage Amount Requested: $145,000.00
Date: April 20, 2009 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT THE REGISTERED REPRESENTATIVE INVESTED HER CASH POSITIONS WITHOUT HER AUTHORIZATION. DAMAGES OVER $5,000.
Date: March 15, 1990 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABLE AND EXCESSIVETRADING IN HER ACCOUNT DURING PERIOD 9/83 THROUGH 1/90 ANDDEMANDS RESTITUTION OF $34,000. ACTUAL TRADING LOSSES WERE$17,000. Damage Amount Requested: $34,000.00 Settlement Amount: $20,500.00 Broker Comment: SETTLED-I AGREED TO CONTRIBUTE $4,999 TOWARD THE$20,500 SETTLEMENT AGAINST OPPENHEIMER.CLIENT, NAME OF CUSTOMER, FILED A CUSTOMERCOMPLAINT. ACCOUNT WAS OPENED PRIOR TO 1982. CLIENT DEPOSITEDAPPROXIMATELY $50,000 TO ACCOUNT, AND OVER A PERIOD OF TIME,WITHDREW APPROXIMATELY $42,000. IT IS MY UNDERSTANDING THATTHE CLIENT FEELS SHE SHOULD HAVE RECEIVED PERFORMANCEEQUIVALENT TO THAT OF THE S&P INDEX AND SEEKS RESTITUTION OF$34,000. I WAS ADVISED IN A LETTER DATED 1/4/91 FROMOPPENHEIMER THAT THERE WAS AN ARBITRATION PENDING WITH THENASD.
More Information
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