THOMAS DUDLEY MOORE

THOMAS DUDLEY MOORE is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 450 POST ROAD E, WESTPORT, CT, 06880.

THOMAS DUDLEY MOORE has worked at WELLS FARGO CLEARING SERVICES, LLC since August 05, 2000

Disclosure History

THOMAS DUDLEY MOORE has 1 Disclosure Event(s).

Date: April 01, 2008
Category: Customer Dispute
Allegations: NY RESIDENT WRITES THAT HE WAS ADVISED THAT HIS AUCTION RATE SECURITIES WERE HIGHLY LIQUID, SHORT-TERM INVESTMENTS, AND HE WOULD NOT HAVE INVESTED IN THIS PRODUCTS IF HE HAD KNOWN THE RISKS. (9/1/05-9/19/07)
Damage Amount Requested: $5,000.00
Settlement Amount: $200,000.00
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 PAYMENTS 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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