WAYNE D BALLER is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 40 N MAIN ST STE 2510, DAYTON, OH, 45423.
WAYNE D BALLER has worked at WELLS FARGO CLEARING SERVICES, LLC since October 16, 2015
Disclosure History
WAYNE D BALLER has 2 Disclosure Event(s).
Date: July 27, 2009 Category: Customer Dispute Allegations: TIME FRAME: JULY 27, 2006 - JULY 27, 2009CLIENTS' DAUGHTER WITH AUTHORIZATION ALLEGES THAT THE FINANCIAL ADVISOR FAILED TO FOLLOW INSTRUCTIONS TO MOVE CLIENT'S INTO LOW RISK INVESTMENTS. CLIENTS' DAUGHTER FURTHER ALLEGES THAT HER PARENTS WERE PLACED IN "VERY AGGRESSIVE" INVESTMENTS THAT WERE NOT SUITABLE FOR PEOPLE THEIR AGE. THE ALLEGED DAMAGES ARE ESTIMATED TO BE IN EXCESS OF $5,000. Damage Amount Requested: $5,000.00 Broker Comment: I DENY THE ALLEGATIONS MADE IN THIS COMPLAINT. MY RELATIONSHIP WITH THE CLIENTS WAS EXCELLENT AND SPANNED OVER TWENTY YEARS, WHICH INCLUDED REGULAR REVIEW MEETINGS. THE ALLEGED INSTRUCTIONS TO MAKE CHANGES IN THE ACCOUNTS WERE NEVER GIVEN TO ME BY THE CLIENTS.
Date: May 18, 2000 Category: Customer Dispute Allegations: CLAIMS NEGLIGENCE IN THE HANDLING OF THE INVESTMENTS OF PENSION PLAN; BREACH OF FIDUCIARY OBLIGATIONS;AND FAILURE IN PERFORMANCE OF THE AGREEMENT TO AGGRESSIVELY INVEST THE FUNDS IN THE ACCOUNT, RESULTING IN A LOST OPPORTUNITY TO INCREASE THE VALUE OF THE ACCOUNT BY AN AMOUNT OF OVER $200,000.00. RESPONSE TO CUSTOMER WITH ACKNOWLEDGMENT OF CLAIM SENT 6/14/00, ADDITIONAL RESPONSE PENDING FULL INVESTIGATION. Damage Amount Requested: $200,000.00 Broker Comment: PLEASE ARCHIVE AFTER 5/18/02. THIS IS NO LONGER REPORTABLE. ---CLAIM IS THAT J.C. BRADFORD & CO. (JCB) FAILED TO GET PENSION PLAN MONIES INVESTED IN A TIMELY FASHION. JCB WAS NOT NEGLIGENT AND BREACHED NO FIDUCIARY DUTY. JCB DID EVERYTHING IN ITS POWER TO HELP [CUSTOMER]. THE BIGGEST PROBLEMS WERE CREATED BY [CUSTOMER'S] OWN STAFF NOT RESPONDING TO REQUESTS FROM JCB AND THE OTHER PARTIES INVOLVED (THE PRIOR CUSTODIAN AND THE THIRD PARTY ADMINISTRATOR). THE LACK OF TIMELINESS WAS OUTSIDE THE CONTROL OF JCB AND WAS PRIMARILY CAUSED BY [CUSTOMER], WHO HAD THE PRIMARY RESPONSIBILITY TO DRIVE THE PROCESS. ANY BREACH OF FIDUCIARY DUTY TO [CUSTOMER'S] EMPLOYEES WAS CAUSED BY [CUSTOMER] HIMSELF.
More Information
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