FRANK CLAYBORNE CANADY is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 380 KNOLLWOOD ST STE 600, WINSTON SALEM, NC, 27103.
FRANK CLAYBORNE CANADY has worked at WELLS FARGO CLEARING SERVICES, LLC since June 15, 2002
Disclosure History
FRANK CLAYBORNE CANADY has 1 Disclosure Event(s).
Date: July 08, 2003 Category: Customer Dispute Allegations: FLORIDA RESIDENT HAS WRITTEN A COMPLAINT TO THE FIRM ALLEGING THAT HER FINANCIAL ADVISOR RECOMMENDED EQUITY SECURITIES BEGINNING IN 9/00 THAT WERE TOO RISKY AND WERE NOT DIVERSIFIED. CLIENT HAS ALLEGED THAT HER LOSSES EXCEED $200,000; HOWEVER, SHE HAS MADE A DEMAND FOR $117,600. Damage Amount Requested: $117,600.00 Broker Comment: THE FIRM'S REVIEW OF THIS MATTER REVEALED THAT THE CLIENT HAD A HISTORY OF INVESTING IN VERY AGGRESSIVE MUTUAL FUNDS AND STOCKS. HIS INVESTMENTS WITH THIS FIRM WERE IN LINE WITH HIS INVESTMENT OBJECTIVES AND RISK TOLERANCE AND HIS LOSSES WERE COMENSURATE WITH THE DECLINE IN THE MARKET. THE ALLEGATIONS OF WRONGDOING AND SETTLEMENT DEMAND WERE DENIED IN THEIR ENTIRETY.
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