ANDREW CHARLES DUNBAR is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 104 CHURCH STREET SE, LEESBURG, VA, 20175.
ANDREW CHARLES DUNBAR has worked at WELLS FARGO CLEARING SERVICES, LLC since February 19, 2008
ANDREW CHARLES DUNBAR has 2 Disclosure Event(s).
Date: August 04, 2009 Category: Financial Type: Bankruptcy Disposition: Discharged Broker Comment: STRATEGIC BANKRUPTCY - CHAPTER 11 CONVERTED TO CHAPTER 7 ON 5/9/11- COMMENCED CHAPTER 7 BANKRUPTCY FILING TO RESOLVE MONETARY (BONUS) DISPUTE WITH FORMER EMPLOYER, MORGAN STANLEY. MATTER CONCLUDED MAY 9, 2011
Date: May 22, 2006 Category: Customer Dispute Allegations: THE CLIENT ALLEGED THAT FORMER REPRESENTATIVE ANDREW DUNBAR SOLD HER MUTUAL FUND B SHARES IN 2002 WITH LACK OF DISCLOSURE ABOUT THE VARIOUS WAYS TO PURCHASE MUTUAL FUNDS AND DID NOT ADVISE HER ABOUT BREAKPOINTS ON A SHARES. WITHOUT ADMITTING ANY LIABILITY, SUNTRUST INVESTMENT SERVICES, INC. AGREED TO REIMBURSE THE CLIENT THE CONTINGENT DEFERRED SALES CHARGES SHE WOULD PAY FOR LIQUIDATING HER B SHARES. Settlement Amount: $10,450.00 Broker Comment: THIS COMPLAINT STATES THAT THE CLIENT WAS NOT AWARE OF VARIOUS SHARE CLASSES AVAILABLE TO PURCHASE MUTUAL FUNDS. DURING OUR RELATIONSHIP WITH CUSTOMER, SHE HAD PURCHASED A, B, AND C CLASS SHARES IN HER INVESTMENT ACCOUNTS AND 529 PLANS. AN NASD SHARE CLASS COMPARISON FORM INDICATING THE DIFFERENCES PERTAINING TO CHARGES AND EXPENSES FOR ALL SHARE CLASSES EXISTS IN THE FILE INITIALED BY CUSTOMER. THERE IS NO QUESTION THAT SHE WAS AWARE OF ALL HER OPTIONS AND MADE AN INFORMED DECISION ABOUT WHAT SHARE CLASS TO PURCHASE. ALL TRADES WERE APPROVED BY THE PRINCIPAL OF SUNTRUST SECURITIES.
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