THOMAS TIERNEY WOLFSON is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 6110 EL TORDO STE 200, RANCHO SANTA FE, CA, 92067.
THOMAS TIERNEY WOLFSON has worked at WELLS FARGO CLEARING SERVICES, LLC since July 02, 2007
Disclosure History
THOMAS TIERNEY WOLFSON has 9 Disclosure Event(s).
Date: October 21, 1993 Category: Customer Dispute Allegations: Not Provided Damage Amount Requested: $16,277.00 Settlement Amount: $18,761.00 Broker Comment: Not ProvidedI DO NOT REMEMBER ANY DETAILS OF THIS CLIENT.
Date: June 08, 1993 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE UNSUITABILITY,MISREPRESENTATION, FRAUD AND NEGLIGENCE IN CONNECTION WITH THE1987 PURCHASES OF $70,000 IN PB ENERGY AIRCRAFT AND A.G. SPANOSREALTY. ALLEGED DAMAGES ARE UNSPECIFIED. Damage Amount Requested: $70,000.00 Settlement Amount: $41,000.00 Broker Comment: SETTLEMENT OF $41,000 TO BE PAID BY PRUDENTIALSEC. INC.Not Provided
Date: December 15, 1992 Category: Customer Dispute Allegations: EXCESSIVE CONCENTRATION OF HER PORTFOLIO INTHE PRUDENTIAL-BACHE ENERGY INCOME LPS DAMAGES ARE UNSPECIFIED BUT BELIEVED TO BE IN EXCESS OF$10,000.00. Settlement Amount: $66,000.00 Broker Comment: N/AALONG WITH MANY OTHER CLIENTS I PURCHASED THEP.B. ENERGY INCOME FOR FOR CUSTOMERS. I PURCHASED THISFOR ALL MY FAMILY MEMBERS IN THE SAME C/C THE WHOLE PROGRAM FELL APART AND A CLASS ACTION SUIT IS INPROGRESS
Date: December 15, 1992 Category: Customer Dispute Allegations: UNSUITABILITY FAILED TO DISCLOSE RISKS(LIMITED PARTNERSHIPS) ALLEGED DAMAGES OF $100.000 ARE BEINGCLAIMED Damage Amount Requested: $100,000.00 Settlement Amount: $40,000.00 Broker Comment: PENDING1) THE MAIN COMPLAINT IS WITH THE PRUDENTIALBACHE ENERGY INCOME L.P. 2) THIS CLIENT LOVED THE PROGRAMS AND INVESTED ABOUT 100M OFHER PORTOFOLIO IN FIVE PARTNERNSHIPS 3) SHE SIGNED A DOZEN SUITIBILY LETTERS, 4) THIS PROGRAM IS NOW IN MOTION WIDE CLASSACTION SUIT,EVERYONE IS UPSET. I DISCLOSED EVERYTHING CLEARLY. I EVENFOUGHT THIS FOR MY RELATIVE & PARENTS WE WERE ALL MISLEAD.
Date: October 16, 1992 Category: Customer Dispute Allegations: CLIENT COMPLAING ABOUT A LIMITED PARTNERSHIPTHAT NOW IN A CLASS ACTION SUIT F OR ALL OWNER. CLIENT ISDISSATISFIED WITH A $20,590 INVESTMENT IN PB ENERGY. I THINKTHE CUSTOMERS ARE POTING FOR THEIR MONEY BACK, LIKE EVERYONEELSE. Damage Amount Requested: $55,000.00 Settlement Amount: $25,000.00 Broker Comment: NO PAYMENT, COMPLAINT DROPPED THERE WAS NO BASISFOR RESCISSION THE CUSTOMER'S REQUEST WAS DENIED.PRU BACHE IS BEING NAMED IN A CLASS ACTION SUITFOR MIS-REPRESENTING THE INCOME LIQUIDITY AND VOLIDITY OF A 2BILLION $ LIMITED PARTNERSHIP OFFERED FROM 1985-1990 MID FEBTHIS SHOULD BE IN COURT?
Date: June 10, 1992 Category: Customer Dispute Allegations: INVESTMENT NOT SUITABLE AND MISREPRESENTEDALLEGED DAMAGES ARE $10,000.00. Damage Amount Requested: $30,000.00 Settlement Amount: $27,500.00 Broker Comment: PENDINGINCOME PARTNERSHIP NOW IS UNSUITABLE..." CUSTOMER PURCHASEDTHE ENERGY PARTNERSHIP AS PART OF A TOTAL PORTFOLIO INCLUDING:TAX FREE BONDS, STOCK AND ANNUITIES MAKING UP THE OTHERPORTIONS OF THE ACCOUNTS. CUSTOMER PURCHASED THE 120 UNITSTHROUGH THE SECONDARY MARKET AT A DISCOUNT, AND NEVER HAD A BADWORD UNTIL NOW (3-4) YEARS LATER? NOTE: CUSTOMER DID SIGN THEREQUIRED INVESTMENT SUITABILITY LETTER AND THE LETTER IS ONFILE AT PRUDENTIAL SECURITIES.
Date: May 22, 1991 Category: Customer Dispute Allegations: UNAUTHORIZED AND UNSUITABLE MUTUAL FUNDSPURCHASED 75M LOSS OR DAMAGES Settlement Amount: $15,000.00 Broker Comment: BOTH BROKERS WENT TO NASD IN LOS ANGELES PRIORBROKERAGE FIRM DID NOT ATTEND. WITHOUT NOTICE PRUDENTIALSETTLED WITH CUSTOMERS FOR 25M. I DID NOT CONTRIBUTE TO THESETTLEMENT."UNAUTHORIZED PURCHASES" WAS DROPPED. MUTUALFUNDS WERE PURCHASED AT ANOTHER FIRM WITH OTHER BROKER. DOESNOT APPLY. CLIENT CLAIMED BOTH SET OF NEW ACCOUNT INFORMATION WERE "TOOHIGH IN NET WORTH" COTROGORY, AS A RESULT ONE 15M INVESTMENTWAS UNSUITABLE. PRUDENTIAL HAS HUNDREDS OF COMPLAINTS ON THISINVESTMENT, AND DECIDED TO JUST REIMBURSE CLIENT 15M.
Date: October 15, 1990 Category: Customer Dispute Allegations: MISREPRSENTATION UNSUITABLE INVESTMENT IN PRUBACHE L.P. AND CORPORATE BOND FUND "JUANTO BOND FUNME" CLIENTCLAIMED A LOAN OF $55,000 OR ALMOST TOTAL LOSS Damage Amount Requested: $55,000.00 Settlement Amount: $25,000.00 Broker Comment: (1) PRU HAS DECIDED TO NOT DEFEND ANY CLAIMSMADE DUE TO CLASS ACTION SUITS ON SOME TOPIC. (2) PRU ATTORNEYSAID "WE ARE GOING TO PAY EVERYBODY" "WE DON'T STAND NOCHANCE". (3) PRU PAID CLIENT $25,000.00.PRUDENTIAL HAD DECIDED TO PAY EVERY COMPLAINT INTHIS AREA BECAUSE IT HAS BEEN PROVED THEY MISREPRSENTED ALL OFTHESE PROGRAMS TO THE BROKER AND INTERN THE CLIENTS.
Date: March 12, 1977 Category: Criminal Charges: PETTY/THEFT/BREAKING AND ENTERING Disposition: ON APPROX. NOVEMBER 4, 1974, IN BEDFORD, NY IPLEADED GUILTY TO PETTY THEFT AND WAS REQUIRED TO MAKE FULLRESTITUTION, SERVE A WEEKEND IN JAIL, AND ABIDE BY ON YEAR'SINFORMAL PORBATION. Broker Comment: I WAS JOINTLY CHARGED WITH A PETTY THEFTMIDEAMEANOR ABOUT THIRTEEN YEARS AGO AT AGE 18. (LOCAL SOUVENIR& INDIAN JEWELERY STORE) ALL INVOLVED WERE REQUIRED TO MAKEFULL RESTITUTION AND COMPY WITH ONE YEAR INFORMAL PROBATION.FOUR MONTHS LATER, AFTER MAKING FULL RESTITUTION THE PROBATIONREQUIREMENT WAS DROPPED AND THE EVENT OFFICIALLY CLOSED. SEVENYEARS LATER THE MARK WAS REMOVED FROM ALL NEW YORK STATERECORDS. UNPON BEING HIRED BY PRUDENTIAL-BACHE. WE TRIED TO GETTHE COURT IN WESTCHESTER COUNTY NEW YORK TO FORWARD THETRANSCRIPTION, ONLY TO BE TOLD THE RECORDS WERE NO LONGERAVAILBLE.
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