JOHN EARLE CHASE

JOHN EARLE CHASE is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 2 PORTLAND SQUARE, PORTLAND, ME, 04101.

JOHN EARLE CHASE has worked at WELLS FARGO CLEARING SERVICES, LLC since February 23, 2001

Disclosure History

JOHN EARLE CHASE has 1 Disclosure Event(s).

Date: September 13, 1993
Category: Customer Dispute
Allegations: BROKER FAILED TO PLACE AN ORDER TO SELLCLIENT'S SECURITIES. THE ORDERS WERE FOR A TOTAL OF 10,900SHARES @ 5 1/2. TOTAL PROCEEDS OF SALE WOULD HAVE BEEN $59,950LESS COMMISSIONS
Settlement Amount: $11,520.00
Broker Comment: REFUNDED CLIENT THE COST OF THE STOCK. THEREWERE NO LEGAL CONSEQUENCES TO THE BROKER . THE ACCOUNTS WERECREDITED A TOTAL OF $11,520 WHICH REPRESENTED THE DIFFERENCEBETWEEN THE ACTUAL SALE AND THE PURCHASE PRICE.CLIENT ASKED BROKER TO ENTER AN ORDER TO SELL HISROYAL OAK MINES STOCK AT 5 1/2. BROKER FORGOT TO ENTER THEORDER AND AS A RESULT THE CLIENT DID NOT SELL HIS STOCK. STOCKTRADED A 5 1/2 ON THE DAY THE ORDER WAS TO HAVE BEEN ENTERED.WHEN CLIENT WAS INFORMED THAT HE DID NOT SELL AND THE STOCK WASAT 5 AND THEN 4 7/8 HE CHOSE NOT TO SELL CLIENT AGREED TO BEREIMBURSED FOR THE PURCHASE PRICE OF THE STOCK.

More Information

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