{"id":9892,"date":"2021-03-29T17:02:27","date_gmt":"2021-03-29T21:02:27","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9892"},"modified":"2021-04-05T15:16:27","modified_gmt":"2021-04-05T19:16:27","slug":"broker-kevin-schaefer-subject-of-1-3m-in-disputes-2","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/broker-kevin-schaefer-subject-of-1-3m-in-disputes-2\/","title":{"rendered":"Broker Kevin J. Schaefer Subject Of $1.3M In Disputes"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9853 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall.jpg\" alt=\"Kevin Schaefer (Kevin Joseph Schaefer CRD:# 1286030) is a registered broke and investment advisor currently employed with Wells Fargo Clearing Services, LLC (CRD#: 19616) of San Francisco, CA. His previous employers include Morgan Stanley Smith Barney LLC (CRD#:149777) and UBS Financial Services Inc. (CRD#:8174), both of San Francisco, and Smith Barney Shearson Inc. (CRD#:7059) of New York, NY. He has been in the industry since 1984. Schaefer is the subject of two currently pending disputes. The first, filed on 6\/12\/2020, alleges \u201cunsuitable investment recommendations and misrepresentations.\u201d The client requests damages of $1,000,000. The second, filed on 6\/4\/2020, alleges \u201cunsuitable investment recommendations, failure to follow instructions and misrepresentations from 2012 until 2020.\u201d \u00a0The client requests damages of $300,000. Another previous dispute was settled. Filed 5\/27\/2008, the client alleges that the shares of stock that were purchased were supposed to be auction rate security bonds. The client requested damages of $5,000. Ultimately, the firm agreed to repurchase the ARS securities pursuant to an agreement with \u201cseveral regulatory bodies.\u201d Schaefer did not participate in the settlement.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Kevin Schaefer (Kevin Joseph Schaefer CRD:# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/1286030\" target=\"_blank\">1286030<\/a>) is a registered broke and investment advisor currently employed with Wells Fargo Clearing Services, LLC (CRD#: 19616) of San Francisco, CA. His previous employers include Morgan Stanley Smith Barney LLC (CRD#:149777) and UBS Financial Services Inc. (CRD#:8174), both of San Francisco, and Smith Barney Shearson Inc. (CRD#:7059) of New York, NY. He has been in the industry since 1984. <a href=\"https:\/\/www.silverlaw.com\/blog\/broker-kevin-schaefer-subject-of-1-3m-in-disputes-2\/#more-9892\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kevin Schaefer (Kevin Joseph Schaefer CRD:# 1286030) is a registered broke and investment advisor currently employed with Wells Fargo Clearing Services, LLC (CRD#: 19616) of San Francisco, CA. His previous employers include Morgan Stanley Smith Barney LLC (CRD#:149777) and UBS Financial Services Inc. (CRD#:8174), both of San Francisco, and Smith Barney Shearson Inc. (CRD#:7059) of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580,576],"tags":[],"class_list":["post-9892","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct","category-unsuitable-investment-advice"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Broker Kevin J. Schaefer Subject Of $1.3M In Disputes &#8212;<\/title>\n<meta name=\"description\" content=\"Kevin Schaefer is a registered broke and investment advisor currently employed with Wells Fargo Clearing Services, LLC of San Francisco, CA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/broker-kevin-schaefer-subject-of-1-3m-in-disputes-2\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Broker Kevin J. 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