DAVID JOHN PAYNE is currently employed as a Broker and/or Investment Adviser at CAMBRIA CAPITAL, LLC located at 488 E. WINCHESTER STREET, SUITE 200, SALT LAKE CITY, UT, 84107.
DAVID JOHN PAYNE has worked at CAMBRIA CAPITAL, LLC since October 26, 2017
Disclosure History
DAVID JOHN PAYNE has 3 Disclosure Event(s).
Date: August 02, 2017 Category: Criminal Charges: 76-5-108 Violation of Protective Order Disposition: Dismissed Broker Comment: Mr. Payne's wife and daughter filed a claim for alleged violation of a protective order due to en email exchange. Upon review of the exchange, the charge was found to be in error and was dismissed. Dismissal confirmed via background check.
Date: July 21, 2017 Category: Criminal Charges: 76-5-108 Violation of Protective ORder Disposition: Reduced Amended Charges: Misdemeanor Amended Charge Type: MISDEMEANOR Amended Charge Amended Charge Disposition: Pled guilty Broker Comment: En email exchange between Mr. Payne and his estranged wife resulted in a two count charge. One felony charge was dismissed and the other was reduced to a misdemeanor
Date: June 17, 2008 Category: Customer Dispute Allegations: UT CLIENT WRITES THAT FA DID NOT DESCRIBE ARS AS LONG-TERM DEBT INSTRUMENTS. CLIENT REQUESTS LIQUIDATION. CLIENT PURCHASED VARIOUS BLACKROCK AND NUVEEN ARPS FROM 12/14/2005 TO 6/12/2006. CLIENT CURRENTLY OWNS $600,000 IN ARPS. Damage Amount Requested: $5,000.00 Settlement Amount: $575,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENTS TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.
More Information
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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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