2 SEC (Securities and Exchange Commission) DISPUTES on Robert A. Maiocco, Medford City Council's President

Securities and Exchange Commission has two complaints on Robert A Maiocco.  One claim was originally for 1.8 Million Dollars!

http://www.sec.gov/

1) 11/06/2007  $5,000.00
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2)February 14, 2012  Happy Valentines Day
Amount: $312,470.36  
Complaint was filed in 2010
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3)On December 17, 1982  Robert A. Maiocco FAILED  his Series 63 (NASAA) Financial exam.

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WHY DID THE PRESS NOT INVESTIGATE THE COMPLAINT ON MAIOCCO BEFORE THE 2011 ELECTION?
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THE 2013 ELECTION WILL NOTE THAT A YEAR AGO MAIOCCO HAD TO PAY OUT OVER THREE HUNDRED GRAND!
 


Another agency has three complaints!

Alleged Damages:  $9,903.00

Date Complaint Received:  05/21/2007

Disposition Date:  11/06/2007

Monetary Compensation Amount:  $5,000.00

Allegations:

WACHOVIA SECURITIES, LLC

73 YEAR OLD OREGON RESIDENT ALLEGES THAT FA ROBERT MAIOCCO MADE RECOMMENDATIONS THAT CAUSED LOSSES IN HIS ACCOUNT AND THAT HE DID NOT REDUCE THE COMMISSIONS ON A TRANSACTION IN ACCORDANCE WITH HIS EARLIER REPRESENTATION.

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Docket/Case #: 10-03416

Date Notice/Process Served:  08/10/2010

Award to Customer Disposition Date:  02/14/2012

Monetary Compensation  Amount: $312,470.36

Allegations:

WELLS FARGO ADVISORS, LLC

ALLEGES FA INVESTED IN ACCOUNT WITH HIGH RISK PROFILE, PLACED

TRADES THAT WERE INAPPROPRIATE FOR CLIENT'S OBJECTIVES, AND

GAVE FALSE ASSURANCES REGARDING ASSETS. 

DATES NOT SPECIFIED. **ARBITRATION ALLEGATIONS: CLAIMANTS OPENED THEIR ACCOUNTS IN  1997 AT WHICH TIME THEY ALLEGED UNSUITABLE INVESTMENT RECOMMENDATIONS WERE MADE. CLAIMANTS REQUEST

COMPENSATORY DAMAGES OF $1.8 MILLION.

Customer Disputes against Robert A Maiocco

Experience and Employment History

Employer	Years	Dates
Wells Fargo Advisors, LLC (19616)	3 years, 11 months	May 2009 - Present
Wachovia Securities, LLC	5 years, 10 months	Jul 2003 - May 2009
Wachovia Securities, LLC	< 1 month	Jul 2003 - Jul 2003
#Ia Prudential Securities Incorporated	28 years, 11 months	Aug 1974 - Jul 2003
Prudential Securities Inc,	28 years, 11 months	Aug 1974 - Jul 2003

Customer Disputes against Robert A Maiocco

Robert Maiocco a financial professional at Wells Fargo Advisors, LLC, a broker-dealer with over 25,300 registered representatives nationwide. Robert has held an industry securities registration for 40 years and is subject to SEC and FINRA oversight.


MAIOCCO FAILED FINANCIAL EXAM

http://medfordinformationcentral.blogspot.com/2013/03/city-council-president-failed-financial.html  

On December 17, 1982  Robert A. Maiocco FAILED  his $96.00 Series 63 (NASAA) Financial exam. _________________________________ Series 63 (NASAA) Financial Exam  Exam Details
Exam Code	Series 63 (NASAA)
Exam	Uniform Securities Agent State Law Examination
Number of Questions	60 Multiple Choice
Testing Time	1 hour and 15 minutes
Required For	Qualifies an individual as a securities agent and allows them to become a limited registered representative that is able to solicit orders for corporate debt and equity securities. Some of these debt and equity securities include bonds, warrants, preferred and common stock.