THOMAS CRAWFORD WERTZ is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 1501 K. STREET NW, WASHINGTON, DC, 20005.
THOMAS CRAWFORD WERTZ has worked at UBS FINANCIAL SERVICES INC. since December 05, 2002
Disclosure History
THOMAS CRAWFORD WERTZ has 7 Disclosure Event(s).
Date: June 29, 2009 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT THE FAS DID NOT SUFFICIENTLY DESCRIBE STRUCTURED PRODUCTS THAT HE PURCHASED. HE ASSERTS CLAIMS SECURITIES FRAUD, BREACH OF FIDUCIARY DUTY, NEGLIGENCE AND BREACH OF CONTRACT. Damage Amount Requested: $510,000.00 Settlement Amount: $375,000.00 Broker Comment: CLIENT ALLEGES THAT HIS FINANCIAL ADVISORS SOLD THE NOTES TO HIM, TO BE CORRECT, HIS ACCOUNT WAS HANDLED BY MY FORMER PARTNER WHO HAS SINCE LEFT THE FIRM OF UBS.THE ONLY TIME CLIENT AND I DISCUSSED THIS INVESTMENT, WAS 2 MONTHS AFTER THE SALE AND RUMORS WHERE BEGINNING ABOUT. AT THAT TIME I GAVE CLIENT THE UBS OPINION.AFTER MY PARTNER HAD GONE TO WORK AT WACOVIA, THE CLIENT BECAME MUCH MORE WORRIED ABOUT THE NOTES, I RECOMMENED HE SELL AT 74 PERCENT ON THE DOLLAR PROVIDING HIM WITH A WRITTEN PROPOSL ON A PLAN TO RECOUP THE LOSES OVER A SET TIME PERIOD, THIS WAS REJECTED.SUBSEQUENTLY, CLIENT MOVED HIS ACCOUNT TO WACOVIA.
Date: July 25, 2007 Category: Customer Dispute Allegations: CLIENT ALLEGES FINANCIAL ADVISOR GAVE POOR INVESTMENT ADVICE. Broker Comment: THE CLIENT ADDRESSES SERVICES HE RECEIVED AT MERRILL LYNCH-WHERE WERTZ WAS EMPLOYED PRIOR TO JANUARY 2002. WERTZ DENIES ANY ALLEGATION OF POOR INVESTMENT ADVICE TO THE CLIENT. THE INSURANCE PRODUCT IN QUESTION WAS A PROPRIETARY PRODUCT OF MERRILL LYNCH, AND WAS NOT TRANSFERRED TO WERTZ PRESENT EMPLOYER. CLIENT DISPUTE IS WITH MERRILL INSURANCE DEPTARTMENT.
Date: January 26, 2005 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABLE AND UNAUTHORIZED TRADING IN IPO'S. Damage Amount Requested: $300,000.00
Date: January 02, 2004 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT HIS FINANCIAL ADVISOR LIQUIDATED RATHER THAN TRANSFERRED PROPRIETARY INVESTMENTS FROM THE CUSTOMER'S ACCOUNT AT ANOTHER FINANCIAL INSTITUTION AND STATES THAT THE FINANCIAL ADVISOR "USED MY SIGNATURE TO FORGE THE CRIMINAL BULK LIQUIDATION OF UF MUTUAL FUNDS." DAMAGES UNSPECIFIED. TIME PERIOD: 2003 - 2004. Broker Comment: THE FINANCIAL ADVISOR DENIES THE CLAIM. --- THIS CUSTOMER STATES THAT HE "TRIED UNSUCCESSFULLY … TO SET UP A PARTNERSHIP" WITH THE FINANCIAL ADVISOR, BUT "THE EVIL FORCES TOOK FULL CONTROL OF [THE FINANCIAL ADVISOR'S] MIND AND TURN [SIC] HIM AGAINST ME, AGAINST GOD" AND THAT THE FINANCIAL ADVISOR "WAS THE 'ANCHOR' THAT THE EVIL FORCES PLANTED AND CULTIVATED DURING SEVERAL DECADES IN THE AREA WHERE THEY PERCEIVED GOD WAS GOING TO HANDLE HIS FINANCIAL RESOURCES."THIS CUSTOMER STATES THAT "IN HIS BOOK 'PRELUDE TO THE NEW CIVILIZATION' – STILL ON HOLD – GOD EXPLAINS THE WAY SPIRITUAL FORCES OPERATE" AND THAT "WE ARE NOT STRONG ENOUGH TO SURVIVE THE ATTACK OF SATANIC ATOMIC RADIATIONS BUT GOD NEEDS SOMEBODY TO PRESERVE AND EXPAND HIS SUPREMACY ON EARTH."
Date: February 14, 2003 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT FINANCIAL ADVISOR MADE UNSUITABLE INVESTMENT RECOMMENDATIONS. NO SPEFICIC AMOUNT OF COMPENSATORY DAMAGES WAS REQUSTED. Settlement Amount: $19,000.00 Broker Comment: IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION, MERRILL LYNCH MADE A BUSINESS DECISION TO SETTLE THE MATTER. MR. WERTZ DENIES ANY WRONGDOING. HE ASSERTS THAT THE CLIENT WAS FULLY INFORMED OF THE RECOMMENDATIONS MADE, AND THAT THEY WERE CONSISTANT WITH THE CLIENT'S INVESTMENT OBJECTIVES, AND WERE APPROVED BY THE CLIENT. MR. WERTZ WAS PREPARED TO CONTEST THE ALLEGATIONS IN ANY PROCEEDING. HE DID NOT PARTICIPATE IN ANY SETTLEMENT DISCUSSIONS, AND HE DID NOT CONTRIBUTE TO THE SETTLEMENT PAID BY MERRILL LYNCH. (JOHN M. FEEDERS; ATTORNEY AT LAW)
Date: August 12, 1998 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT THE INVESTMENT IN"CAPSTEAD MORTGAGE CORP" WAS PURCHASED AND HELD BASED UPONNEGLIGENT ADVISE. DAMAGES CLAIMED $379,776.00. THIS OCCURRED ATMERRILL LYNCH. Damage Amount Requested: $379,776.00 Settlement Amount: $180,000.00 Broker Comment: THE CLIENT GOT THE RECOMMENDATIONS FROM THE INVESTMENT BANKER WHO ALSO ACTED AS ANALYIST. THIS COMPLAINT WAS AGIANST MERRILL. MERRILL LYNCH SETTLED WITHOUT INVOLVEMENT OF FINANCIAL ADVISOR.
Date: December 01, 1992 Category: Customer Dispute Allegations: THE ALLEGATIONS AGAINST THE BROKER FOCUS ONTHE ALLEGED AUTHORIZATION OF THE USE OF MERRILL LYNCH`S NAME INOFFERING DOCUMENTS. THESE ALLEGATIONS ARE FALSE AND MERRILLLYNCH`S BROKER DENIES GIVING AUTHORITY FOR THE USE OF MERRILLLYNCH`S NAME. ALLEGED DAMAGES ARE $600,000 PLUS R.I.C.O. Damage Amount Requested: $600,000.00 Settlement Amount: $650,000.00 Broker Comment: TOTAL SETTLEMENT WITH DEFENDANTS WAS $650,000.MERRILL LYNCH`S CONTRIBUTION WAS LIMITE TO $234,000 WHICH WASPAID TO AVOID THE UNCERTAINTIES AND COSTS OF TRIAL.Not Provided
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