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SAMUEL CHI TAT LAM

SAMUEL CHI TAT LAM is currently employed as a Broker and/or Investment Adviser at CAPITOL SECURITIES MANAGEMENT, INC. located at 11710 Plaza America Drive, Suite 910, RESTON, VA, 20190.

SAMUEL CHI TAT LAM has worked at CAPITOL SECURITIES MANAGEMENT, INC. since July 07, 2016

Disclosure History

SAMUEL CHI TAT LAM has 4 Disclosure Event(s).

Date: October 03, 2016
Category: Regulatory
Initiated By: Virginia State Corporation Commission
Allegations: Agent placed under special supervision for a period of 12 months.
Resolution: Order SanctionDetails:
Sanctions: Undertaking
Broker Comment: Contact Brian Silverman at (804)371-9753 for further information.

Date: June 06, 2016
Category: Employment Separation After Allegations
Firm Name: Wells Fargo Advisors, LLC.
Termination Type: Discharged
Allegations: "In an effort to obtain an established client's year-end account statement from a mutual fund company, Mr. Lam called the mutual fund company and posed as the client without her authorization. Mr. Lam represented that he did so in order to facilitate an account transfer that the customer had requested in writing. No client harm was detected by the Firm."

Date: May 08, 2008
Category: Customer Dispute
Allegations: COMPLAINT ABOUT AUCTION RATE SECURITIES THAT ALLEGED MISREPRESENTATION AND SUITABILITY.DAMAGES UNSPECIFIED.
Settlement Amount: $250,000.00
Broker Comment: CLIENT DEEMED ELIGIBLE FOR GLOBAL ARS REGULATORY SETTLEMENT FOR FULL VALUE OF ARS INVESTMENT.

Date: March 07, 2008
Category: Customer Dispute
Allegations: THIS VERBAL COMPLAINT AROSE OUT OF THE SALE OF AN AUCTION RATE SECURITY (ARS) THAT WAS MADE PRIOR TO THE WIDESPREAD ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBRUARY 2008.
Settlement Amount: $2,525,000.00
Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE, OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.

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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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