DAVID ALAN INCHAUSPE is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 41 W RIVERSIDE AVE STES 400 & 500, SPOKANE, WA, 99201.
DAVID ALAN INCHAUSPE has worked at WELLS FARGO CLEARING SERVICES, LLC since June 25, 2009
Disclosure History
DAVID ALAN INCHAUSPE has 1 Disclosure Event(s).
Date: April 15, 1999 Category: Customer Dispute Allegations: CLIENT ALLEGES UNSUITABILITY OF COVERED CALLWRITING ON MICROSTOCK IN 1997 & 1998. DAMAGES SOUGHT IN EXCESSOF $5,000 Damage Amount Requested: $5,001.00 Broker Comment: CLIENT WAS OPTION SUITABLE. HE HAD TRADEDOPTIONS PRIOR TO COMING TO PIPER JAFFRAY. USED OPTIONSINITIALLY TO ENHANCE SALES PRICE ON STOCK SOLD; TO HELP COVERTAX CONSEQUENSES OF SALES. MARGINED ACCOUNT RATHER THAN SELLSTOCK, THEN USED CALLS TO COVER INTEREST EXPENSES. FINAL LARGEPOSITION WAS HIS IDEA TO COME UP WITH CASH TO BUY NEW PICKUPTRUCK. WAS TOLD NUMEROUS TIMES THAT HIS MARGIN WAS TOO HIGHAND THERE WAS NO ROOM TO BUY BACK CALLS IN CASE OF MARKETCORRECTION.
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