CHARLES OLIVER HUNDLEY is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 200 CONCORD PLAZA DR, SAN ANTONIO, TX, 78216.
CHARLES OLIVER HUNDLEY has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since September 26, 1978
Disclosure History
CHARLES OLIVER HUNDLEY has 3 Disclosure Event(s).
Date: April 04, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT THE FINANCIAL ADVISOR MADE UNSUITABLE INVESTMENT RECOMMENDATIONS. DAMAGES UNSPECIFIED. Broker Comment: MERRILL LYNCH AND MR. HUNDLEY DENIED THE CLIENT'S ALLEGATIONS IN THEIR ENTIRETY. MR. HUNDLEY HAD BEEN THE FINANCIAL ADVISOR TO THE [OTHER CUSTOMER] FAMILY FOR MANY YEARS. [CUSTOMER] IS THE DAUGHTER OF [OTHER CUSTOMER], NOW DECEASED. WE FELT THAT OVER THE YEARS MR. HUNDLEY A FINE PROFESSIONAL RELATIONSHIP WITH [OTHER CUSTOMERS]. THE PURCHASES AT ISSUE WERE ALL MADE THROUGH MR. HUNDLEY RECOMMENDATIONS AND WITH [OTHER CUSTOMER'S] APPROVAL AS SUITABLE AND APPROPRIATE FOR HER ACCOUNT.
Date: June 01, 1992 Category: Customer Dispute Allegations: SALE OF UNSUITABLE SECURITIES. ALLEGEDDAMAGES WERE UNSPECIFIED. Settlement Amount: $40,000.00 Broker Comment: CREDIT TO CUSTOMER'S ACCOUNT OF $40,000.00.CUSTOMER PURCHASED BOND CORPORATION SECURITIES INTHE MID-1980'S THAT MERRILL LYNCH HAD RATED AS A "GOOD QUALITYSTOCK." SUBSEQUENTLY, THIS AUSTRAILIAN ISSUE SUFFEREDUNFORSEEN SEVERE FINANCIAL REVERSES AND THE SECURITIES LOSTMOST OF THEIR VALUE. THE CUSTOMER NOW CLAIMS THAT THESESECURITIES WERE UNSUITABLE. ALTHOUGH WE DO NOT BELIEVE THESEIS ANY MERIT TO THE CUSTOMER'S COMPLAINT, BECAUSE OF THESUBSTANTIAL BUSINESS THIS CUSTOMER BRINGS TO THE FIRM, WEACCOMODATE HIS REQUEST TO PURCHASE THESE SECURITIES FROM THEIRTRUST ACCOUNT.
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