ROBERT FRANCIS POWERS is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 1108 THIRD AVE STE 500, RIVER TOWER BLDG, HUNTINGTON, WV, 25701.
ROBERT FRANCIS POWERS has worked at WELLS FARGO CLEARING SERVICES, LLC since October 31, 2014
Disclosure History
ROBERT FRANCIS POWERS has 5 Disclosure Event(s).
Date: July 07, 2005 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE FA MADE UNSUITABLE INVESTMENTS. Damage Amount Requested: $538,288.22 Broker Comment: UPON INVESTIGATION THE COMPLAINT WAS FOUND TO BE WITHOUT MERIT AND WAS DENIED.
Date: August 06, 2004 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES UNSUITABLE RECOMMENDATIONS AND INVESTMENTS. THE CUSTOMER ALSO ALLEGES UNSPECIFIED DAMAGES. Broker Comment: COMPLAINT FOUND TO BE WITH OUT MERIT AND RESPONSE WAS SENT TO CUSTOMER.
Date: March 05, 2004 Category: Customer Dispute Allegations: CLAIMANT ALLEGES FA MADE UNSUITABLE INVESTMENT RECOMMENDATIONS AND OVERCONCENTRATED THE ACCOUNT IN EQUITIES. Damage Amount Requested: $90,000.00 Settlement Amount: $8,000.00
Date: November 18, 2003 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE UNSUITABLE INVESTMENTS AND RCOMMENDATIONS. CLAIMANTS ALLEGE SOMEONE FORGED THEIR SIGNATURES ON DOCUMENTS TO TRANSFER TWO ANNUITIES TO MERRILL LYNCH. Damage Amount Requested: $168,080.00 Settlement Amount: $50,000.00 Broker Comment: CLAIM WAS WITHDRAWN WITH PREDJUDICE AGAINST THE MR. POWERS. WITHOUT ADMISSION OF WRONGDOING, MERRILL LYNCH SETTLED THIS MATTER TO AVOID THE UNCERTAINTIES AND COSTS OF ARBITRAION. NO CONTRIBUTION FOR SETTLEMENT WAS SOUGHT FROM THE INDIVIDUALS.
Date: October 12, 2000 Category: Customer Dispute Allegations: CLAIMANTS ALLEGED FAILURE TO SUPERVISE. Damage Amount Requested: $1,500,000.00 Settlement Amount: $155,000.00 Broker Comment: THIS MATTER WAS SETTLED TO AVOID THE TIME, EXPENSE AND UNCERTAINTY INHERENT IN LITIGATION.
More Information
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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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