WALLACE MCRAE DAVIS is currently employed as a Broker and/or Investment Adviser at OPPENHEIMER & CO. INC. located at 200 PARK AVENUE, 25TH FLOOR, NEW YORK, NY, 10166.
WALLACE MCRAE DAVIS has worked at OPPENHEIMER & CO. INC. since January 03, 2003
Disclosure History
WALLACE MCRAE DAVIS has 2 Disclosure Event(s).
Date: October 18, 2002 Category: Customer Dispute Allegations: THE CLAIMANT ALLEGES THAT MR. DAVIS RECOMMENDED UNSUITABLE SECURITIES FOR HER ACCOUNT. CLAIMANT DID NOT ALLOW THE BROKERS TO INVEST IN SECURITIES THAT WOULD HAVE PROVIDED MORE SECURITY, BUT LESS INCOME. FURTHERMORE, ALTHOUGH CLAIMANT ALLEGES DAMAGESS OF $80,000, CLAIMANT ONLY AUTHORIZED THE BROKERS TO LIQUIDATE APPROXIMATELY $25,000 OF THE SECURITIES IN HER EXISTING PORTFOLIO. Damage Amount Requested: $80,000.00 Broker Comment: CIBC WORLD MARKDETS DENIED CLAIM.
Date: March 23, 1999 Category: Customer Dispute Allegations: CLIENTS ALLEGETHAT WALLACE DAVIS RECOMMENDED UNSUITABLE SECURITIES ANDENGAGED IN TRANSACTIONS WHICH WERE NOT DONE FOR THE BENEFIT OF THE CUSTOMERS. DAMAGES ARE UNSPECIFIED, BUT APPEAR TO BE IN EXCESS OF $5,000. Damage Amount Requested: $5,000.00 Broker Comment: CIBC WORLD MARKETS CORP. RESPONDED TO THE CLIENT DENYING THE CLIAMS AND TO DATE THERE HAS BENN NO RESPONSE RECEIVED FROM THE CLIENT. CIBC CONSIDERS THIS MATTER TO BE CLOSED.
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