MICHAEL DAVID SAYTHER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 21 SOUTH ST, MORRISTOWN, NJ, 07960.
MICHAEL DAVID SAYTHER has worked at WELLS FARGO CLEARING SERVICES, LLC since October 01, 2000
Disclosure History
MICHAEL DAVID SAYTHER has 2 Disclosure Event(s).
Date: June 30, 2008 Category: Customer Dispute Allegations: NJ RESIDENT WRITES THAT HE DID NOT AUTHORIZE PURCHASE OF TWO $50,000 MARKET POWER CDS ON 4/30/08. REQUESTS CANCELLATION OF TRADES. LOSS ESTIMATED AT $7,294.40. Damage Amount Requested: $7,294.40 Broker Comment: FA AND FS CERTAIN THAT CLIENT AUTHORIZED PURCHASE OF THE TWO MPCDS. SENT CLIENT PROSPECTUS AND FOLLOWED UP WITH PHONE CALL. CLAIM DENIED. **THIS FILING IS ONLY TO CORRECT THE PRODUCT CODE.
Date: March 31, 2000 Category: Customer Dispute Allegations: CUSTOMER UPSET WITH THE FLUCTUATION OF THE CLOSED END BOND FUND HE PURCHASED. CUSTOMER FELT THAT THE BOND FUND WOULD BEHAVE LIKE AN INDIVIDUAL NJ TAX FREE BOND. Damage Amount Requested: $7,000.00 Broker Comment: IT WAS DETERMINED THAT THE CUSTOMER WAS ADVISED OF THE MARKET FLUCTUATION RISKS INVOLVED IN PURCHASING THIS FUND. THE CUSTOMER IS AN EXPERIENCED INVESTOR. THE CUSTOMERS REQUEST TO RESCEND THE INVESTMENT WAS DENIED.
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