Thomas Wade Reule is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 314 4TH AVE NE, DEVILS LAKE, ND, 58301.
Thomas Wade Reule has worked at EDWARD JONES since May 02, 1994
Thomas Wade Reule has 1 Disclosure Event(s).
Date: April 02, 2003 Category: Customer Dispute Allegations: CLIENT STATES THAT IR RECOMMENDED CLIENT BUY 100 SHARES OF WORLDCOM AT 47.75 AND THE PURCHASE TOOK PLACE ON JANUARY 6 OR 7, 2000. CLIENT ALLEGES SHE WANTED TO SELL SOME OF THE STOCK (DOES NOT SPECIFICY DATE) AND CLAIMS IR REFUSED. CLIENT FURTHER STATES THAT IR PERSUADED HER TO PURCHASE ADDITIONAL 100 SHARES AT 19 55/64 ON NOVEMBER 1, 2000. CLIENT ALSO STATES THAT IR TOLD HER IT WAS NOT HIS STRATEGY TO BUY AND SELL STOCK, BUT TO BUY AND HOLD. ON FEBRUARY 7, 2002, CLIENT RECEIVED A LETTER FROM THE FIRM STATING THAT THE WORLDCOM STOCK WAS NOW AT $9.85 AND SUGGESTING SHE STILL HOLD. CLIENT ALLEGES SHE MET WITH IR ON JULY 5, 2002, AND IR STATED THEY SHOULD SELL THE STOCK AND USE IT AS A TAX LOSS OR WAIT AND SEE WHAT HAPPENS. CLIENT FEELS THAT IR SHOULD HAVE CONTACTED HER WHEN STOCK WAS DROPPING. NO SPECIFIC CLAIM BUT POTENTIAL LOSSES MAY EXCEED $5,000. Damage Amount Requested: $5,000.00 Broker Comment: IR STATED THAT HE TOLD CLIENT HE WOULD PLACE THE ORDER TO SELL WORLDCOM HOWEVER, WANTED TO DISCUSS THE POSSIBILITY OF HOLDING THE SHARES. AFTER DISCUSSING THE OUTLOOK OF WORLDCOM (AT THAT TIME THERE WAS A BUY RECOMMENDATION), CLIENT DECIDED TO HOLD THE SHARES AND PURCHASE AN ADDITION 100 SHARES. THIS REPRESENTED APPROXIMATELY 3.4% OF NET WORTH. A LETTER WAS SENT TO CLIENT ON 2/7/02 AND AGAIN ON 4/24/02 REGARDING THE OPINION CHANGES ON WORLDCOM WITH AN OFFER FOR THE CLIENT TO CONTACT IR ABOUT HER INVESTMENT IN THE COMPANY. APPEARS THAT CLIENT WAS CONTACTED AS EVENTS BEGAN TO UNFOLD REGARDING WORLDCOM AND THAT IR DID NOT REFUSE TO SELL SHARES FOR THE CLIENT. CLAIM DENIED.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for Thomas Wade Reule, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More