WALTER ERNEST MEANWELL is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at ONE ERDMAN PL STE 200, MADISON, WI, 53717.
WALTER ERNEST MEANWELL has worked at WELLS FARGO CLEARING SERVICES, LLC since September 04, 1990
WALTER ERNEST MEANWELL has 3 Disclosure Event(s).
Date: April 04, 2006 Category: Customer Dispute Allegations: WISCONSIN RESIDENT WRITES THAT HIS FA MISREPRESENTED THE FEES ASSOCIATED WITH HIS CUSTOM CHOICE WRAP ACCOUNT, NAMELY, THAT HE WAS TOLD THERE WOULD BE NO FEES TO HIM, BUT WAS CHARGED $23,000 FOR ONE YEAR OF FEES IN LIEU OF COMMISSIONS. Damage Amount Requested: $23,000.00 Broker Comment: CLIENT SIGNED FEE AGREEMENT IN 1997, AND CLIENT INITIALLY INVESTED IN BOND FUND IN 7/03 BUT WITHDREW 10 DAYS LATER. FA REPEATEDLY SENT INVESTMENT PROPOSALS TO CLIENT AND CLIENT EXPRESSED INTEREST IN PROPOSALS, BUT DID NOT ACT. FA SHUT DOWN FEE ACCOUNT IN 08/05. NO WRONGDOING FOUND.
Date: March 16, 2001 Category: Customer Dispute Allegations: OTHER CUSTOMER, ON BEHALF OF THE CUSTOMER'S TRUST, COMPLAINS OF UNSUITABLE INVESTMENT RECOMMENDATIONS. ALSO, ALLEGED IS THAT TRANSACTIONS WERE ENTERED WITHOUT PRIOR AUTHORIZATION. Damage Amount Requested: $5,000.00
Date: June 19, 1995 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT INVESTMENTS IN AMERICANADJUSTABLE RATE TERM TRUST (FDJ) AND AMERICAN STRATEGIC INCOMEPORTFOLIO III (CSP) WERE MISREPRESENTED AND UNSUITABLE. DAMAGESSOUGHT ARE UNSPECIFIED BUT ARE IN EXCESS OF $10,000.00 Settlement Amount: $270,000.00 Broker Comment: THE FIRM AND THE CLAIMANT AGREED TO A SETTLEMENTOF $270,000.00 MEANWELL WAS ASKED TO CONTRIBUTE $100,000.00TOWARD THIS SETTLEMENT.NOT PROVIDED
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