OGDEN WHITE TIMPSON is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 2 PORTLAND SQUARE, PORTLAND, ME, 04101.
OGDEN WHITE TIMPSON has worked at WELLS FARGO CLEARING SERVICES, LLC since March 05, 2001
Disclosure History
OGDEN WHITE TIMPSON has 1 Disclosure Event(s).
Date: August 05, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGED UNAUTHORIZED TRADING. (01/01/2005 - 05/31/2009) Damage Amount Requested: $37,290.00 Settlement Amount: $18,000.00 Broker Comment: SETTLED $18,000.00FA'S RESPONSE: THE CLIENTS WERE UPSET THAT SOME STOCKS IN THE GRANDCHILDREN'S CUSTODIAL ACCOUNTS WERE NOT SOLD BEFORE THE PRICE DECLINED FROM THE ORIGINAL PURCHASE PRICE, OR AT THE TIME THE STOCKS REACHED MULTI-YEAR HIGHS IN 2007. THE RECOMMENDATIONS I MADE FOR THE TRANSACTIONS IN THE ACCOUNT WERE TO BUY BLUE CHIP STOCKS TO BE HELD LONG TERM FOR CAPITAL APPRECIATION. I DID NOT RECOMMEND TRYING TO TIME THE MARKET TO POTENTIALLY MAKE MONEY IN THE ACCOUNTS.
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