EDWARD DAVID WYLAM is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 800 N MAGNOLIA AVE STE 1401, ORLANDO, FL, 32803.
EDWARD DAVID WYLAM has worked at WELLS FARGO CLEARING SERVICES, LLC since January 01, 2008
EDWARD DAVID WYLAM has 5 Disclosure Event(s).
Date: November 11, 2016 Category: Customer Dispute Allegations: Client alleged FA failed to disclose commissions and demands commissions be reversed. Client also claimed FA directed her away from a managed account which resulted in excessive commissions. (4/1/2016-4/30/2016) Damage Amount Requested: $15,000.00 Broker Comment: The account objective at opening was buy and hold and the client authorized transactions executed to restructure the account. Commissions and fees were discussed with client prior to any transactions being executed.
Date: November 30, 2015 Category: Customer Dispute Allegations: An account joint owner alleges a transaction occurred without proper authorization. (10/26/2015) Broker Comment: Three joint account owners appointed one to be primary contact in the relationship. The primary joint owner authorized and approved A-share mutual fund purchases and the related fees. Secondary joint owner later expressed disapproval and suggested she was not notified of the activity and fees. Trades were restructured as C-share purchases to accommodate the request of secondary joint owner and was further authorized by all joint owners.
Date: July 16, 2008 Category: Judgment / Lien Judgment/Lien Amount: $8,379.00 Judgment/Lien Type: Civil Broker Comment: SETTLEMENT IN PROCESS
Date: February 05, 2008 Category: Customer Dispute Allegations: ALLEGED EXCESSIVE TRADING, UNSUITABILITY. (JULY 1, 2006-JUNE 30, 2007) Damage Amount Requested: $77,174.00 Settlement Amount: $65,000.00 Broker Comment: I RECEIVED A LETTER FROM MY CLIENT WHERE HE NOTED A ONE-YEAR LOSS IN HIS ACCOUNT OF $77,174. DURING A REVIEW OF HIS ACCOUNT WITHDRAWALS, IT WAS DISCOVERED THAT WITHIN THIS SPECIFIC TIME FRAME HE HAD ACTUALLY MADE WITHDRAWALS TOTALING AN AMOUNT EXCEEDING THE 'LOSS' FOR THIS TIME PERIOD.
Date: May 29, 2007 Category: Customer Dispute Allegations: CLIENT ALLEGED CHURNING. NO SPECIFIED TIME FRAME. Damage Amount Requested: $36,000.00 Broker Comment: I ABSOLUTELY REFUTE THESE ALLEGATIONS AND CLAIMS OF LOSSES. I FOLLOWED CLIENT'S INSTRUCTIONS TO SELL. CLIENT UNDERSTOOD THAT HIS LIQUIDATION WOULD RESULT IN LOSSES BUT FELT THAT HE WAS MAKING A BENEFICIAL INVESTMENT MOVE. IF CLIENT HAD CONTINUED TO HOLD THE POSITIONS IN QUESTION TO THE CURRENT DATE, HIS LOSSES WOULD HAVE BEEN NEGATED OR SUBSTANTIALLY NARROWED.
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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