STEPHEN LYNN WADE

STEPHEN LYNN WADE is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 112 NORTH EDISON, FREDERICKSBURG, TX, 78624-3220.

STEPHEN LYNN WADE has worked at LPL FINANCIAL LLC since October 17, 2011

Disclosure History

STEPHEN LYNN WADE has 3 Disclosure Event(s).

Date: September 21, 2012
Category: Customer Dispute
Allegations: CLIENT ALLEGES MISREPRESENTATION REGARDING UIT INVESTMENT. ACTIVITY DATES 10/23/06-12/23/06. THIS HAS BEEN MOVED TO ARBITRATION. NO NEW ALLEGATIONS.
Damage Amount Requested: $84,000.00
Settlement Amount: $17,500.00
Broker Comment: ORIGINAL CUSTOMER COMPLAINT WAS DENIED 03/02/2012

Date: September 23, 2011
Category: Employment Separation After Allegations
Firm Name: CHASE INVESTMENT SERVICES CORP
Termination Type: Discharged
Allegations: REGISTERED REP PROVIDED A WRITTEN STATEMENT IN WHICH HE STATED THAT HE SUBMITTED A NEW APPLICATION WITH INACCURATE CLIENT INFORMATION.

Date: May 28, 2008
Category: Customer Dispute
Allegations: CLIENT ALLEGES AN UNSUITABLE RECOMMENDATION AND MISREPRESENTAITON RELATING TO THE LIQUIDITY OF AN AUCTION RATE SECURITY. CLIENT HAS REQUESTED THE RETURN OF THEIR INVESTMENT.
Damage Amount Requested: $150,000.00
Settlement Amount: $150,000.00
Broker Comment: ON AUGUST 13 AND 14, 2008, JPMORGAN CHASE AGREED TO A SETTLEMENT IN PRINCIPLE WITH THE NEW YORK ATTORNEY GENERAL'S OFFICE, AND THE OFFICE OF FINANCIAL REGULATION FOR THE STATE OF FLORIDA AND THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION TASK FORCE, RESPECTIVELY, WHICH PROVIDED, AMONG OTHER THINGS, THAT THE FIRM WOULD BUY BACK AT PAR CERTAIN AUCTION RATE SECURITIES. AS PART OF THESE SETTLEMENTS, JP MORGAN SECURITIES, INC., PURCHASED BACK FROM [CUSTOMER] ARS POSITION(S) AT PAR, IN ADDITION TO PAYING ACCRUED INTEREST ON THE PAR AMOUNT.

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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