SARAH ELIZABETH JOHNSON FAJARDO is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 2195 E RIVER RD, [SA-RBO], TUCSON, AZ, 85718.
SARAH ELIZABETH JOHNSON FAJARDO has worked at WELLS FARGO CLEARING SERVICES, LLC since January 03, 2011
Disclosure History
SARAH ELIZABETH JOHNSON FAJARDO has 2 Disclosure Event(s).
Date: August 09, 2004 Category: Customer Dispute Allegations: CLIENT'S ATTORNEY ALLEGES THAT THE CUSTOMER'S WERE MISLED INTO MAKING UNSUITABLE INVESTMENTS. THE ATTORNEY FURTHER ALLEGES THAT THE CUSTOMER'S WOULD NOT HAVE PURCHASED THE INVESTMENTS HAD THEY BEEN ADEQUATELY ADVISED AND REPRESENTED. DATE OF ALLEGED ACTIVITIES = OCTOBER 2003 - APRIL 2004. Damage Amount Requested: $32,898.61 Broker Comment: CUSTOMER'S ARE SOPHISTICATED INVESTORS WHO DERIVE THEIR INCOME FROM HARD MONEY LOANS. HE IS AN ATTORNEY. AS INTEREST RATES DROPPED, THE RUTHERFORD'S NEEDED TO INVEST IN HIGHER PAYING BONDS TO MEET THEIR INCOME REQUIREMENTS. I RECOMMENDED ONLY INVESTMENT GRADE BONDS AND PREFERRED STOCKS WITH SHORT CALLS OR MATURITIES. THE CUSTOMER'S LIKED THE DIVIDENDS AND PURCHASED MORE SECURITIES (UNSOLICITED) USING THEIR LINE OF CREDIT. AS INTEREST RATES ON THE LINE OF CREDIT INCREASED THE CUSTOMER'S SOLD THE SECURITIES (UNSOLICITED) AND ASKED FOR REIMBURSEMENT FOR THEIR LOSSES. COMPLAINT HAS NO MERIT.
Date: February 12, 2001 Category: Customer Dispute Allegations: SUITABILITY,MISREPRESENTATION Damage Amount Requested: $9,014.06 Broker Comment: THE FACTS OFFER NO INDICATION THAT THE FINANCIAL CONSULTANT SARAH FAJARDO ACTED INAPPROPRIATELY AND ALL NECESSARY INFORMTAION & DISCLOSURES WERE GIVEN TO THE CLIENT. THIS IS A MATTER OF BAD MARKET TIMING AND NOT BAD INVESTMENT ADVISE.
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