DAVID WESLEY SAUNDERS is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1221 MCKINNEY ST, HOUSTON, TX, 77010.
DAVID WESLEY SAUNDERS has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since July 23, 1986
Disclosure History
DAVID WESLEY SAUNDERS has 1 Disclosure Event(s).
Date: December 12, 1989 Category: Customer Dispute Allegations: [SPOUSE] CLAIMED UNAUTHORIZED ANDUNSUITABLE TRADING. [CUSTOMER] CLAIMED THAT HE WAS NOT ADVISEDTHAT HIS IRA INVESTMENTS WOULD FLUCTUATE IN VALUE. THE [CUSTOMERS']CLAIM TOTALLED $36,800. Damage Amount Requested: $36,800.00 Damages Granted: $15,440.00 Broker Comment: ONLY TWO OF THE THREE ARBITRATORS PRESIDINGSIGNED THE DECISION AWARDING THE [CUSTOMERS] $15,440.MR. SAUNDERS ADVISED THE [CUSTOMERS] OF THE RISKSINHERENT IN EVERY INVESTMENT WHICH THEY MADE. EVERYTRANSACTION WAS AUTHORIZED BY THE [CUSTOMERS] PRIOR TO EXECUTIONAND SUITABLE IN LIGHT OF THEIR INVESTMENT OBJECTIVES.
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