HUGH DUGALD WALLSCHLEGER is currently employed as a Broker and/or Investment Adviser at R. SEELAUS & CO., INC. located at 25 DEFOREST AVENUE, SUITE 304, SUMMIT, NJ, 07901.
HUGH DUGALD WALLSCHLEGER has worked at R. SEELAUS & CO., INC. since March 24, 1997
Disclosure History
HUGH DUGALD WALLSCHLEGER has 2 Disclosure Event(s).
Date: May 30, 2013 Category: Customer Dispute Allegations: UNSUITABLE INVESTMENT, POOR PERFORMANCE ON ATP AND NEW PAGE BONDS Damage Amount Requested: $38,834.00 Broker Comment: CUSTOMER DISAPPOINTED WITH POOR PERFORMANCE ON ATP AND NEW PAGE BOND. PRIOR TO PURCHASING THE BOND, CUSTOMER RECEIVED ALL PERTINENT RESEARCH BOTH INTERNAL AND FROM OUTSIDE SOURCES, THEREFORE THE FIRM AND THE REP FEEL STRONGLY THAT THE CUSTOMER MADE AN INFORMED DECISION. CUSTOMER WAS REFERRED TO R. SEELAUS BY HIS UNCLE, WHO HAS PREVIOUSLY TRADED IN SIMILAR TYPE BONDS. OVERALL PERFORMANCE IN THE CUSTOMER'S ACCOUNT HAS BEEN POSITIVE. FIRM FEEL STRONGLY THAT THE CUSTOMER COMPLAINT IS WITHOUT MERIT WHICH WAS COMMUNICATED TO THE CLIENT IN THEIR 7/19/2013 LETTER. CLIENT HAS NOT FOLLOWED UP AFTER AND CONTINUES TO DO BUSINESS WITH THE FIRM. THE FIRM IS CLASSIFYING THIS COMPLAINT AS CLOSED AS OF 4/6/2015
Date: May 16, 2013 Category: Customer Dispute Allegations: UNSUITABLE INVESTMENT, POOR RECOMMENDATION Damage Amount Requested: $183,000.00 Broker Comment: CUSTOMER WAS PROVIDED WITH ALL RELEVANT OUTSIDE AND INTERNAL RESEARCH BEFORE HE MADE THE PURCHASE. CLIENT ADDITIONALLY SPOKE WITH OUR RESEARCH ANALYST ABOUT THESE PARTICULAR INVESTMENTS, AND ONLY AFTER FEELING COMFORTABLE ABOUT THE INVESTMENT MADE THE PURCHASE. THE CLIENT MADE MONEY PRIOR TO THIS INVESTMENT ON TWO SIMILAR TYPE BONDS. CUSTOMER HAS BOUGHT A LOT OF BONDS FROM R.SEELAUS AND HUGH WALLSCHLEGER INTO THIS ACCOUNT AND INTO ANOTHER ACCOUNT HELD AT THE FIRM. THE FIRM FEELS STRONGLY THAT THIS CUSTOMER COMPLAINT HAS NO MERIT. FIRM COMMUNICATED THIS TO THE CLIENT IN A LETTER DATED 7/19/2013. NO FURTHER FOLLOWUP FROM THE CLIENT WAS RECEIVED BY THE FIRM. THE CLIENT CONTINUES TO TRANSACT BUSINESS WITH BOTH THE FIRM AND THE REP. THE REP IS CLOSING THE COMPLAINT FILE AS OF 4/6/2015.
More Information
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