RICHARD CHARLES BRUSKY is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 74760 HIGHWAY 111, STE 100, INDIAN WELLS, CA, 92210.
RICHARD CHARLES BRUSKY has worked at WELLS FARGO CLEARING SERVICES, LLC since August 09, 2002
RICHARD CHARLES BRUSKY has 1 Disclosure Event(s).
Date: January 21, 2009 Category: Customer Dispute Allegations: MISSOURI CLIENT CLAIMED THAT HIS IRA ACCOUNT TOOK A DOWNTURN OF 33% OR $33,000.00 DURING THE PERIOD OF TIME SEPTEMBER 2008 THROUGH DECEMBER 2008. THE CLIENT FURTHER CLAIMED THAT THE FA DID NOT USE HIS FIDUCIARY RESPONSIBILITY TO MANAGE THE ACCOUNT AND THAT HE EXPECTS TO BE REIMBURSED FOR THE LOSSES. THE CLIENT'S IRA ACCOUNT WAS MAINTAINED AS A PRIVATE INVESTMENT MANAGEMENT ACCOUNT (PIM ACCOUNT). PIM IS A FEE-BASED DISCRETIONARY ADVISORY PROGRAM WHERE THE FA IS THE PORTFOLIO MANAGER. Damage Amount Requested: $33,000.00 Broker Comment: THE FIRM DENIED THE COMPLAINT VIA A LETTER TO THE CLIENT ON FEBRUARY 17, 2009. BASED UPON THE FIRM'S REVIEW, IT APPEARED THAT THE INVESTMENTS THAT WERE PURCHASED AND SOLD FOR THE CLIENT'S IRA ACCOUNT DURING THAT TIME PERIOD WERE CONSISTENT WITH HIS GROWTH AND INCOME INVESTMENT OBJECTIVES AND HIS MODERATE RISK TOLERANCE. THE CLIENT'S IRA ACCOUNT OUTPERFORMED THE MAJOR STOCK AVERAGES OVER ONE (1), FIVE (5) AND TEN (10) YEAR TIME PERIODS. FROM INCEPTION THROUGH SEPTEMBER 30, 2008 THE CLIENT'S IRA ACCOUNT ACHIEVED A NET DOLLAR WEIGHTED RETURN OF 11.3%. BASED UPON THE FIRM'S REVIEW, THERE WAS NO EVIDENCE TO SUGGEST THAT THE CLIENT'S IRA ACCOUNT WAS MISMANAGED BY EITHER THE FIRM OR THE FA. IT APPEARED THAT THE PERFORMANCE OF THE CLIENT'S INVESTMENTS WAS THE RESULT OF MARKET FORCES THAT WERE BEYOND THE CONTROL OF EITHER THE FIRM OR ITS ASSOCIATES.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for RICHARD CHARLES BRUSKY, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More