EDWARD FRANCIS HAYDE is currently employed as a Broker and/or Investment Adviser at CETERA ADVISORS LLC located at 351 HIGH ST, BLOCK ISLAND, RI, 02807.
EDWARD FRANCIS HAYDE has worked at CETERA ADVISORS LLC since January 06, 2005
Disclosure History
EDWARD FRANCIS HAYDE has 1 Disclosure Event(s).
Date: August 06, 2001 Category: Customer Dispute Allegations: THE CLIENTS ALLEGE THAT I GAVE THEM BAD INVESTMENT ADVICE AND RECOMMENDED INVESTMENTS UNSUITABLE TO THEM BASED ON THEIR INVESTMENT GOALS AND RISK TOLERANCE. THE CLIENTS CLAIM TO HAVE LOST A SIGNIFICANT AMOUNT WITHIN THEIR PORTFOLIO DUE TO MY ADVICE AND RECOMMENDATIONS. Damage Amount Requested: $11,800.00 Settlement Amount: $6,000.00 Broker Comment: MY COMPLIANCE DEPARTMENT REVIEWED THIS MATTER AND FOUND THAT ALTHOUGH THE CLIENTS SIGNED THE INVESTMENT APPLICATIONS INDICATING THEY RECEIVED FULL DISCLOSURE AND PROSPECTUSES FOR THEIR INVESTMENTS, MY CLIENT FILE WAS LACKING PROPER DOCUMENTATION TO REFUTE THE CLIENTS' CLAIMS THAT THEY DID NOT RECEIVE FULL DISCLOSURE OR PROSPECTUSES. ALTHOUGH THE CLIENTS RECEIVED CONFIRMATIONS AND STATEMENTS OF THEIR ACCOUNTS, THE COMPANY OFFERED TO REIMBURSE THE CLIENTS FOR ONE-HALF OF THE LOSSES THEY INCURRED IN THEIR ACCOUNTS. THE CLIENTS ACCEPTED THE OFFER.
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