GREGORY MARTIN WODARK is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 19800 MACARTHUR BLVD STE 1400, IRVINE, CA, 92612.
GREGORY MARTIN WODARK has worked at WELLS FARGO CLEARING SERVICES, LLC since March 28, 2013
Disclosure History
GREGORY MARTIN WODARK has 2 Disclosure Event(s).
Date: October 30, 2012 Category: Financial Type: Compromise Disposition: Discharged Broker Comment: I took out a line of credit (second mortgage), for $100,000 on 01/17/2006.The payments were interest only at a variable rate of 10.25%. I paid on the loan for several years. In 2009, I negotiated a lower rate for a two year period. This was granted due to the market hardships that impacted business along with personal hardships. The fact that they received government funds for this purpose, probably also played a role. Somewhere after the end of the two year period, I requested that they extend the lower rate. This was in 2012. They stated they could not do that, unless I was not current on my payments. They actually suggested I not pay my payments for several months, and then call back. If I did that,they said I would qualify for a lower rate! So, I stopped paying foer several months. To my complete surprise, I received a letter from the Bank forgiving the entire debt. Since, I had not requested this action, I surmise that they wanted to get this loan off their books ( since, the real estate securing it was way under water). They had the government funds earmarked for debt relief, so, they probably used those monies to clean up their balance sheet. They were also taking a lot of heat in the press for past lending practices. That is the likely rationale for such an unusual offer.
Date: November 16, 2011 Category: Customer Dispute Allegations: CUSTOMER CLAIMS HIS INVESTMENTS ARE UNSUITABLE GIVEN HIS AGE. REQUESTS HIS ACCOUNT BE LIQUIDATED AND A CHECK FOR THE PROCEEDS ISSUED.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
To view the full report for GREGORY MARTIN WODARK, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.