MICHAEL FORESTER ABSHER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 200 MEADOWMONT VILLAGE CIR, CHAPEL HILL, NC, 27517.
MICHAEL FORESTER ABSHER has worked at WELLS FARGO CLEARING SERVICES, LLC since January 01, 2008
Disclosure History
MICHAEL FORESTER ABSHER has 2 Disclosure Event(s).
Date: November 18, 2008 Category: Customer Dispute Allegations: ALLEGES UNSUITABLE INVESTMENT AND FAILURE TO FULLY DISCLOSE FEES. ALLEGES DAMAGES, UNSPECIFIED, BUT OVER $5,000. (JULY, 2007) ***ARBITRATION ALLEGATIONS: CLAIMANTS, RESIDENTS OF NORTH CAROLINA, ALLEGE IN JULY 2007, AND AGAIN IN JANUARY 2008, UNSUITABLE INVESTMENT RECOMMENDATIONS WERE MADE TO PURCHASE A LINCOLN FINANCIAL CHOICE PLUS VARIABLE ANNUITY. CLAIMANTS ALLEGE LOSSES OF $270,000. Damage Amount Requested: $270,000.00 Settlement Amount: $75,000.00 Broker Comment: WELLS FARGO MADE A BUSINESS DECISION TO RESOLVE THE CLAIM FOR $56,250.00 WITHOUT MAKING ANY ADMISSIONS OF WRONDOING. LINCOLN FINANCIAL DISTRIBUTORS, INC. AGREED TO CONTRIBUTE $18,750.00 TO THE RESOLUTION.
Date: June 17, 2002 Category: Customer Dispute Allegations: ALLEGED MISREPRESENTATION. ALLEGED LOSSES, NOT SPECIFIED, WERE OVER $5,000.
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