THOMAS J BIADAS is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 25 MAIN ST 2ND FL, WESTLAKE, OH, 44145.
THOMAS J BIADAS has worked at WELLS FARGO CLEARING SERVICES, LLC since January 01, 2008
Disclosure History
THOMAS J BIADAS has 2 Disclosure Event(s).
Date: February 24, 2006 Category: Employment Separation After Allegations Firm Name: MORGAN STANLEY DW. Termination Type: Permitted to Resign Allegations: FIRM MANAGEMENT UNCOMFORTABLE WITH FA'S BUSINESS PRACTICES. Broker Comment: CLIENT IN JAPAN IS BUILDING A HOME IN PENNSYLVANIA. NEEDED MONEY SEND TO BUILDER THERE. TALKED TO MANAGER ON HOW TO QUICKLY SEND ASSETS TO HIM. HE SAID LOA WAS NEEDED BEFORE MONEY COULD BE SEND OUT. WE FOLLOWED THAT DIRECTION BUT HE THOUGHT OTHERWISE. LOA WAS SENT OUT PER COMPANY PROCEDURES.I OBTAIN AN LOA, AND FUNDS WERE SENT OUT. BRANCH MANAGER LATER THOUGHT I WAS NOT ADHEARING TO OFFICE POLICY. BUT IN FACT ASSETS WERE NOT SENT UNTIL LOA WAS RECEIVED AT OUR BRANCH.
Date: March 31, 2005 Category: Customer Dispute Allegations: CUSTOMER ALLEGES, INTER ALIA, THAT HER MORGAN STANLEY FINANCIAL ADVISOR MADE UNSUITABLE INVESTMENT RECOMMENDATIONS AND ENGAGED IN EXCESSIVE TRADING DURING 1995 AND 2000. Damage Amount Requested: $150,000.00 Settlement Amount: $35,000.00
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