MARY E. WAGNER is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 550 E. Swedesford Road, Suite 130, Wayne, PA, 19087.
MARY E. WAGNER has worked at LPL FINANCIAL LLC since December 16, 2014
Disclosure History
MARY E. WAGNER has 4 Disclosure Event(s).
Date: April 23, 2015 Category: Customer Dispute Allegations: CLIENTS ALLEGE RECOMMENDED MUTUAL FUND INVESTMENTS WERE MISREPRESENTED AND ALSO ALLEGE SALE OF POSITIONS IN MARCH 2014 CAUSED AN UNDISCLOSED TAX LIABILITY. (12/16/2013-01/07/2015) Damage Amount Requested: $40,305.00 Settlement Amount: $33,375.38 Broker Comment: SETTLED FOR $33,375.38 TO AVOID THE UNCERTAINTY AND EXPENSES OF FORMAL PROCEEDINGS.
Date: September 16, 2008 Category: Customer Dispute Allegations: THIS VERBAL COMPLAINT AROSE OUT OF THE SALE OF AN ARS THAT WAS MADE PRIOR TO THE WIDESPREAD ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBRUARY 2008. Settlement Amount: $250,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENTS TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.
Date: July 03, 2008 Category: Customer Dispute Allegations: THIS VERBAL COMPLAINT AROSE OUT OF THE SALE OF AN ARS THAT WAS MADE PRIOR TO THE WIDESPREAD ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBURARY 2008. Damage Amount Requested: $5,000.00 Settlement Amount: $50,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENTS TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.
Date: April 02, 2007 Category: Customer Dispute Allegations: PENNSYLVANIA CLIENTS STATE THAT THEIR WACHOVIA SECURITIES FINANCIAL ADVISOR, MARY WAGER, RECOMMENDED AN UNSUITABLE GENWORTH VARIABLE ANNUITY ON DECEMBER 8, 2006. CLIENTS FURTHER STATE THAT THE APPLICABLE FEES AND CHARGES WERE NOT EXPLAINED. AS A RESULT, CLIENTS REQUEST THE PURCHASE BE REVERSED. NO SPECIFIC DAMAGES ARE CLAIMED, BUT THEY ARE REASONABLY ESTIMATED AT $30,000 BASED ON CURRENT SURRENDER CHARGE. Damage Amount Requested: $30,000.00 Settlement Amount: $3,350.67 Broker Comment: SETTLED IN THE INTEREST OF CUSTOMER RELATIONS AND TO AVOID POTENTIALLY TIME CONSUMING AND COSTLY LITIGATION, WITHOUT ADMITTING LIABILITY, IN THE AMOUNT OF $3,350.67.
More Information
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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.
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