ROBERT DOUGLAS NICHOL is currently employed as a Broker and/or Investment Adviser at WUNDERLICH SECURITIES, INC. located at 3102 West End Avenue, Suite 750, Nashville, TN, 37203.
ROBERT DOUGLAS NICHOL has worked at WUNDERLICH SECURITIES, INC. since February 03, 2017
Disclosure History
ROBERT DOUGLAS NICHOL has 2 Disclosure Event(s).
Date: June 22, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGED "MR. NICHOL MISREPRESENTED THE INVESTMENT OPTIONS HE OFFERED US." TIME PERIOD – 2004. Damage Amount Requested: $16,688.47 Broker Comment: THE CLIENTS' COMPLAINT IS INACCURATE AND NOT SUPPORTED BY THE FACTS. BROKER'S INVESTMENT RECOMMENDATIONS TO THE CLIENTS WERE CONSISTENT WITH THEIR INVESTMENT OBJECTIVES AND PRIOR INVESTMENT HISTORY.
Date: February 24, 1988 Category: Customer Dispute Allegations: CLAIMANT ([CUSTOMER]) ALLEGES IE ROBERT NICHOLMADE UNSUITABLE RECOMMENDATIONS, LARGE CONCENTRATION IN OILSTOCKS. CLAIMANT ALLEGES LOSSES IN HIS MARGINED TRADING ACCOUNT. Settlement Amount: $15,000.00 Broker Comment: PAINEWEBBER SETTLED WITH THE CLIENT FOR$15,000.00.THE CONCENTRATION IN OIL STOCKS OCCURREDGRADUALLY OVER SEVERAL YEARS AS OIL AND GAS STOCKS SIGNIFICANTLYOUT-PERFORMED MARKET. BROKER'S ATTEMPT TO GET CLIENT TODIVERSIFY WAS THWARTED BY CLIENT RESISTANCE. CLIENT LOST INEXCESS OF $250,000.00 OF WHICH APPROXIMATELY HALF WASACCUMULATED PROFIT FROM THE SAME STOCKS CUSTOMER LATER CLAIMEDWERE UNSUITABLE AND TOO CONCENTRATED. CLIENT MADE NO COMPLAINTUNTIL 6-7 YEARS AFTER TRADING ACTIVITY CEASED. ACCOUNT WASMARGINED TRADING ACCOUNT WITH NO DISCRETION. CUSTOMER WASSOPHISTICATED, VERY EXPERIENCED AND VERY ACTIVELY INVOLVED INACCOUNT. CASE SETTLED TO AVOID POTENTIAL FINANCIAL EXPOSURE ANDCOST OF LITIGATION.
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