SHAHIDA ARUNIMA HOSSAIN is currently employed as a Broker and/or Investment Adviser at RBC CAPITAL MARKETS, LLC located at 500 WEST MADISON STREET, SUITE 2500, CHICAGO, IL, 60661-2573.
SHAHIDA ARUNIMA HOSSAIN has worked at RBC CAPITAL MARKETS, LLC since December 19, 2016
SHAHIDA ARUNIMA HOSSAIN has 3 Disclosure Event(s).
Date: February 24, 2017 Category: Customer Dispute Allegations: Client alleges that he did not authorize the use of margin in his account and that the investments were too speculative for his conservative investment objective. (5/27/2009-2/10/2017) Settlement Amount: $25,000.00 Broker Comment: In light of the client's consent to use margin, I believe this complaint has no merit.
Date: February 07, 2017 Category: Customer Dispute Allegations: Client alleged his e-mailed instructions to liquidate his account were not followed. (5/18/2016-7/12/2016) Damage Amount Requested: $15,000.00 Broker Comment: I believe this complaint has no merit.
Date: December 19, 2016 Category: Employment Separation After Allegations Firm Name: WELLS FARGO ADVISORS Termination Type: Voluntary Resignation Allegations: Ms. Hossain voluntarily resigned from Wells Fargo Advisors after the Firm had initiated a review of verbal allegations from a client that Ms. Hossain accepted a loan from the client. The Firm was also reviewing whether Ms. Hossain used text messages to communicate with the client for business-related purposes. Broker Comment: I was unaware of any internal review during my employment with Wells Fargo and only became aware of it upon RBC notice of a requirement to update the U4 due to an amended U5 filed by Wells Fargo nearly 30 days after my voluntary resignation. I have not been informed of the details of the internal review or the results of any such review.
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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.
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