Charles Henry Wharton is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1 CITIZENS PLZ, PROVIDENCE, RI, 02903.
Charles Henry Wharton has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since August 14, 2009
Disclosure History
Charles Henry Wharton has 3 Disclosure Event(s).
Date: November 12, 2009 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THE FINANCIAL ADVISOR RECOMMENDED UNSUITABLE INVESTMENTS AND THAT THE ACCOUNT AT ISSUE WAS OVER-CONCENTRATED IN EQUITIES. TIME FRAME: MAY - SEPTEMBER 2008. Damage Amount Requested: $910,000.00 Settlement Amount: $73,750.00 Broker Comment: MR. WHARTON STATEMENT: "I HEREBY DENY ANY ALLEGED WRONG DOING. UBS FINANCIAL SERVICES, INC. SETTLED THIS CASE AS A BUSINESS DECISION ON THEIR PART. I WAS NOT ASKED TO PARTICIPATE, NOR DID I PARTICIPATE, IN THE SETTLEMENT."
Date: December 15, 1993 Category: Customer Dispute Allegations: CHURNING UNSUITABILITY Damage Amount Requested: $167,000.00 Settlement Amount: $75,000.00 Broker Comment: SETTLED FOR $75,000I DENY ALL ALLEGATIONS MADE BY [CUSTOMER]. [CUSTOMER] IS A VERY SOPHISTICATED ANDEXPERIENCED INVESTOR WHO WAS VERY INVOLVED IN THE MANAGEMENT OFHER INVESTMENTS. THIS MATTER WAS SETTLED BY PRUDENTIALSECUTITIES TO AVOID LENGHTY PROCEEDINGS AND THE EXPENSESASSOCIATED WITH ARBITRATION. I DID NOT CONTRIBUTE ANY PORTIONOF THE SETTLEMENT.
Date: October 21, 1993 Category: Customer Dispute Allegations: CLIENT SUBMITTED CLAIM FORM AS PART OF CLAIMSRESOLUTION PROCESS RELATING TO LIMITED PARTNERSHIP PURCHASES. Damage Amount Requested: $5,264.00 Settlement Amount: $10,371.00 Broker Comment: SETTLED FOR $10,371PRUDENTIAL SECURITIES WAS UNDER GOVERMENT ORDERTO MAKE RESTITUTION TO INVESTORES IN LIMITED PARTNERSHIPS WHICHTHEY SPONSORED. [CUSTOMER] IS AN ATTORNEY AND SOPHISTICATEDINVESTOR. IT IS MY OPINION THAT PSI ELECTED TO SETTLE HISCLAIM PURLEY AS A BUSINESS DECISION BASED ON THE ECONOMICS OFLITIGATION.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for Charles Henry Wharton, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.