EDWARD GODLEWSKI is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 299 S MAIN ST 7TH FL, [RBO], SALT LAKE CITY, UT, 84111.
EDWARD GODLEWSKI has worked at WELLS FARGO CLEARING SERVICES, LLC since January 03, 2011
Disclosure History
EDWARD GODLEWSKI has 2 Disclosure Event(s).
Date: June 27, 2008 Category: Customer Dispute Allegations: CLIENTS STATE THEY WERE TOLD THAT ARPS WERE SAFE, SECURE, AND AS LIQUID AS MONEY MARKET ACCOUNTS AND OFFER HIGHER INTEREST RATES.DATES OF ALLEGED ACTIVITIES: 2006-2008 Settlement Amount: $250,000.00 Broker Comment: THIS ISSUE AROSE AS A RESULT OF UNPRECEDENTED ILLIQUIDITY IN THE AUCTION-RATE SECURITIES MARKET, A SITUATION THE REPRESENTATIVE DID NOT CAUSE AND OVER WHICH THE REPRESENTATIVE HAD NO CONTROL. COMPLAINT IS BEING CLOSED BECAUSE FIRM AGREED TO REPURCHASE SECURITIES TO PROVIDE LIQUIDITY TO CUSTOMER TO RESOLVE DISPUTED CLAIMS. THE RESOLUTION DOES NOT REFLECT ANY FINDING OF MISCONDUCT BY THE REPRESENTATIVE. ALTHOUGH THE SECURITIES REPURCHASED BY THE FIRM ARE CURRENTLY VALUED AT PAR BY INDEPENDENT THIRD-PARTY PRICING SERVICE, BASED ON FINRA REGULATORY NOTICE 09-12 THE SETTLEMENT AMOUNT IS BEING REPORTED AS THE FULL PAR VALUE OF SECURITIES.
Date: August 25, 2006 Category: Customer Dispute Allegations: COMPLAINT ALLEGED THAT THE BROKER RECOMMENDED MUTUAL FUND B SHARES WHEN A OR C SHARES WOULD HAVE BEEN MORE ADVANTAGEOUS AND THAT THE BROKER FAILED TO DISCLOSE ALL PERTINENT INFORMATION REGARDING THE DIFFERENT AVAILABLE SHARE CLASSES. DAMAGES WERE UNSTATED, BUT BELIEVED TO BE IN EXCESS OF $5,000. Settlement Amount: $7,975.81 Broker Comment: I INHERITED THESE ACCOUNTS FROM ANOTHER BROKER AND HAVE BEEN WORKING WITH THESE CLIENTS SINCE 1999. THROUGHOUT OUR RELATIONSHIP, ALL INVESTMENTS DECISIONS HAVE BEEN DISCUSSED, IN DETAIL, WITH THE CLIENT. ALL TRANSACTIONS WERE APPROVED BY THE CLIENTS' PRIOR TO THEIR EXECUTION. THE CLIENT DID NOT WANT TO PAY THE INITIAL SALES CHARGES ASSOCIATED WITH CLASS A FUNDS. ALL TRANSACTIONS WERE IN-LINE WITH THE CLIENTS'INVESTMENT OBJECTIVES AND RISKS AT THAT TIME.
More Information
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