EDWARD SPANN REAMES is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 1801 W EVANS ST STE A, FLORENCE, SC, 29501.
EDWARD SPANN REAMES has worked at WELLS FARGO CLEARING SERVICES, LLC since February 17, 2012
Disclosure History
EDWARD SPANN REAMES has 2 Disclosure Event(s).
Date: April 21, 2005 Category: Customer Dispute Allegations: SOUTH CAROLINA CLIENT'S SON ASSERTS THAT THE BROKER ADVISED THE CLIENT TO PURCHASE INAPPROPRIATE INVESTMENTS IN HER ACCOUNT, NAMELY THE MANULIFE VENTURE 20 FIXED VARIABLE ANNUITY PURCHASED ON 2/2/98, THE MANULIFE VISION TRAIL ANNUITY PURCHASED ON 10/2/00, CLASS B SHARES OF THE ALLIANCE BERNSTEIN HIGH YIELD FUND PURCHASED ON 1/5/98, CLASS B SHARES OF THE ALLIANCE BERNSTEIN FDS TECHNOLOGY FUND PURCHASED ON 1/5/98, AND CLASS C SHARES OF THE EVERGREEN EQUITY GLOBAL LEADERS FUND PURCHASED ON 1/5/98. HE BELIEVES THAT MORE APPROPRIATE LOW-RISK INVESTMENTS WOULD HAVE BEEN MORE APPROPRIATE FOR HIS MOTHER'S INVESTMENTS CONSIDERING HER AGE AND IS SEEKING TO RECAPTURE HER LOSSES OF $27,805.70. Damage Amount Requested: $27,805.70 Broker Comment: WACHOVIA SECURITIES AND THE BROKER DENY THE CLIENT'S CLAIM THAT INVESTMENTS PURCHASED IN THE CLIENT'S ACCOUNT WERE INAPPROPRIATE INVESTMENTS, NAMELY THE MANULIFE VENTURE 20 FIXED VARIABLE ANNUITY PURCHASED ON 2/2/98, THE MANULIFE VISION TRAIL ANNUITY PURCHASED ON 10/2/00, CLASS B SHARES OF THE ALLIANCE BERNSTEIN HIGH YIELD FUND PURCHASED ON 1/5/98, CLASS B SHARES OF THE ALLIANCE BERNSTEIN FDS TECHNOLOGY FUND PURCHASED ON 1/5/98, AND CLASS C SHARES OF THE EVERGREEN EQUITY GLOBAL LEADERS FUND PURCHASED ON 1/5/98.
Date: March 10, 2003 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABILITY WITH ANNUITY Damage Amount Requested: $150,000.00 Settlement Amount: $12,000.00
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