Wayne F Nelson is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1152 15TH ST NW, WASHINGTON, DC, 20005.
Wayne F Nelson has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since October 23, 1978
Wayne F Nelson has 5 Disclosure Event(s).
Date: July 02, 2013 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES THAT THE FINANCIAL ADVISOR CAUSED THE EXERCISE OF STOCK OPTIONS WITHOUT HIS AUTHORIZATION IN JUNE 2013. Broker Comment: THE OPTIONS WERE EXERCISED TO IMPLEMENT A COVERED CALL STRATEGY THE CUSTOMER WANTED. THE POSITIONS AT ISSUE WERE REINSTATED AT NO COST TO THE CUSTOMER OR THE FIRM.
Date: November 16, 2012 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES MISREPRESENTATION AND OMISSION OF MATERIAL FACTS FROM JULY 2011 TO APRIL 2012. Damage Amount Requested: $49,666.00 Settlement Amount: $25,000.00
Date: February 10, 1995 Category: Customer Dispute Allegations: CUSTOMER COMPLAINED OF POOR PERFORMANCE IN 94AND REQUESTED A RETROACTIVE COMMISSION DISCOUNT. Settlement Amount: $35,003.08 Broker Comment: MATTER SETTLED FOR $35,003.08 AS A BUSINESSDECISIONMATTER SETTLED DESPITE NO WRONGDOING ON BEHALF OFFIRM OR FINANCIAL CONSULTANT.
Date: April 01, 1989 Category: Customer Dispute Allegations: FAILURE TO TIMELY ENTER A PURCHASE ORDER ASPART OF A TAX LOSS SWAP IN NOVEMBER, 1987. CUSTOMER SOUGHTBETWEEN $123,780 AND $146,280 IN DAMAGES IN CONNECTION WITHTHIS TRADE AND ANOTHER TRADE THAT WAS EXECUTED BY ANOTHERBROKER. Damage Amount Requested: $146,280.00 Settlement Amount: $67,000.00 Broker Comment: SETTLED FOR $67,000.00.CUSTOMER WAS REPEATEDLY ADVISED THAT THE BUY ANDSELL ORDERS OF A SWAP AND ITS "REVERSAL" COULD NOT BE ENTEREDSIMULTANEOUSLY.
Date: October 26, 1988 Category: Customer Dispute Allegations: UNSUITABILITY Damage Amount Requested: $350,000.00 Damages Granted: $29,250.00 Broker Comment: THE ARBITRATORS DECIDED IN FAVOR OF CLAIMANTS IN THE AGGREGATE SUM OF $29,250 (AGAINST MERRILL LYNCH IN THE SUM OF $24,250 AND AGAINST WAYNE NELSON IN THE SUM OF $5,000).
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 Wayne F Nelson, click here.
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.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.
How to choose a broker or investment adviser. Learn More