Herbert H. Hafen
Professional summary
Herbert H Hafen was barred by both the FINRA and the SEC from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.
Herbert is a previously registered financial professional and started their career in finance in 1979. Prior to being barred, Herbert had worked at 8 firms, which includes WELLS FARGO CLEARING SERVICES LLC, MORGAN STANLEY, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, JOHNSTOWN CAPITAL SECURITIES CORPORATION, BATEMAN EICHLER HILL RICHARDS INCORPORATED, SUTRO & CO. INCORPORATED, MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED.
Question & Answer
Aliases
Other business activities
CRS (Client Relationship Summary)
The CRS(Customer Relationship Summary) document is not provided.
Certified licenses
Experience
March 29, 2018 - July 8, 2020
WELLS FARGO CLEARING SERVICES, LLC
March 29, 2018 - September 13, 2018
WELLS FARGO CLEARING SERVICES, LLC
December 2, 2009 - April 3, 2018
MORGAN STANLEY
June 1, 2009 - April 3, 2018
MORGAN STANLEY
January 18, 2008 - June 1, 2009
MORGAN STANLEY & CO. LLC
May 8, 1990 - February 14, 2008
J.P. MORGAN SECURITIES LLC
April 28, 1983 - February 7, 1984
JOHNSTOWN CAPITAL SECURITIES CORPORATION
September 1, 1982 - May 15, 1990
BATEMAN EICHLER, HILL RICHARDS, INCORPORATED
July 16, 1979 - August 20, 1982
SUTRO & CO. INCORPORATED
June 4, 1979 - August 21, 1979
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
Primary Firm SEC Registration
WELLS FARGO CLEARING SERVICES, LLC
CRD#: 19616 / SEC#: 801-37967, 8-37180
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
Visual representation of state registrations
Exams
Current Firm
WELLS FARGO CLEARING SERVICES, LLC
CRD#: 19616 / SEC#: 801-37967, 8-37180
Contact information
SEC notice filing (52 States and Territories)
FINRA licenses (53 States and Territories)
Documents
Part 2 Brochures
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| WACHOVIA SECURITIES FINANCIAL HOLDINGS, LLC | SOLE MEMBER | |
| CRONK, DARRELL | HEAD OF INVESTMENT SOLUTIONS / WIM CHIEF INVESTMENT OFFICER / BOARD OF MANAGERS / CONTROL PRINCIPAL | 2498892 |
| GINDI, SOL | PRESIDENT / HEAD OF WIM DISTRIBUTION / BOARD OF MANAGERS / CONTROL PRINCIPAL | 4903526 |
| KARANIK, ERIK ANTHONY | BOARD OF MANAGERS | 2260890 |
| LACEY, PAUL | PRINCIPAL OPERATIONS OFFICER / CONTROL PRINCIPAL | 5616656 |
| PATEL, RAKESH | CHIEF FINANCIAL OFFICER / BOARD OF MANAGERS | 5385585 |
| SAUNDERS, DAVID WARD | DESIGNATED STATE PRINCIPAL | 2448617 |
| SOMESHWAR, PRASANNA | HEAD OF BANKING, LENDING & TRUST / CONTROL PRINCIPAL | 7491790 |
| SOMMERS, BARRY | CHIEF EXECUTIVE OFFICER / BOARD OF MANAGERS | 2301454 |
| TSAMADIAS, CHRISTOS G | CHIEF COMPLIANCE OFFICER | 5433568 |
Regulatory assets under management
| Total Number of Accounts | 1,327,695 |
| AUM (Assets Under Management) | $ 606,037,831,365 |
Disclosures
| Regulatory Event | 182 |
| Civil Event | 2 |
| Arbitration | 303 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 01/24/2025 | ||
| 12/11/2023 | ||
| 02/17/2023 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
