WAYNE DAVID WAGNER is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 11 Middleton Dr., Wilmington, DE, 19808.
WAYNE DAVID WAGNER has worked at SECURITIES AMERICA, INC. since January 31, 2018
Disclosure History
WAYNE DAVID WAGNER has 3 Disclosure Event(s).
Date: April 05, 2012 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABLE RECOMMENDATION OF ALTERNATIVE INVESTMENTS RESULTING IN DAMAGES. CUSTOMER ALSO SEEKS RETURN OF FEES PAID. Damage Amount Requested: $148,000.00 Broker Comment: THE FIRM CONDUCTED A REVIEW OF THE CUSTOMER'S COMPLAINT AND DETERMINED THAT THERE WAS NO BASIS FOR THE ALLEGATION OF UNSUITABLE INVESTMENT RECOMMENDATIONS. ALL FEES WERE APPROPRIATELY CHARGED, AND THEREFORE THERE WAS NO BASIS FOR A RETURN OF FEES. THE CUSTOMER MOVED THEIR ACCOUNT(S) AWAY FROM LPL, AND THIS MATTER IS CLOSED. THE REGISTERED REPRESENTATIVE DENIES ANY WRONGDOING WITH RESPECT TO THE INVESTMENT RECOMMENDATIONS MADE TO CLIENTS, AND DENIES ANY LIABILITY FOR ALLEGED LOSSES BY THE CUSTOMERS.
Date: November 12, 2009 Category: Customer Dispute Allegations: ARBITRATION CLAIM ALLEGES UNSUITABLE INVESTMENTS, BREACH OF CONTRACT, BREACH OF DUTY AND NEGLIGENCE. FA IS NOT A NAMED PARTY TO THE ARBITRATION. Damage Amount Requested: $173,000.00 Settlement Amount: $90,000.00 Broker Comment: MR. WAGNER WAS NOT A NAMED PARTY TO THIS ARBITRATION NOR DID HE CONTRIBUTE TO THE SETTLEMENT. MR. WAGNER DENIES ANY WRONGDOING HEREIN AND UNDERSTANDS THAT LPL FINANCIAL CORPORATION MADE A BUSINESS DECISION TO SETTLE THIS MATTER, WITHOUT ADMITTING LIABILITY, SOLELY TO AVOID THE COSTS AND UNCERTAINTY ASSOCIATED WITH LITIGATION. MR. WAGNER CONTINUES TO DISPUTE THE ALLEGATIONS CONTAINED IN THE STATEMENT OF CLAIM.
Date: October 18, 2000 Category: Employment Separation After Allegations Firm Name: ASCEND FINANCIAL SERVICES Termination Type: Discharged Allegations: FORMER B/D & RI ALLEGES THAT REP "TOOK FILES" ON SEPT. 29 & 30, 2000, AND THEREFORE WAS GUILTY OF IMPROPER USE OF COMPANY DOCUMENTS. EVIDENCE USED WAS SECURITY CAMERA PHOTO OF REP LEAVING BRANCH OFFICE WITH BOX APPEARING TO CONTAIN CLIENT FILES. REP WAS ASKED TO CONFIRM THAT IT WAS HIM IN THE PHOTO AND TERMINATED IMMEDIATEDLY WITHOUT DISCUSSION OR EXPLANATION. NO OPPORTUNITY FOR EXPLANATION WAS GIVEN. Broker Comment: IT WAS NORMAL FOR REPS TO BE IN POSSESSION OF MANY CLIENT FILES. PRINCIPAL OF BRANCH IDENTIFIED THAT REP WAS PLANNING TO LEAVE THE FIRM, AND USED ABOVE REFERENCED ALLEGATIONS TO SABOTAGE REP'S ABILITY TO MOVE TO ANOTHER FIRM. IMPORTANT TO NOTE THAT ALL FILES IN QUESTION WERE IN BRANCH OFFICE AT TIME OF TERMINATION AND HAD BEEN SINCE SEPT. 30TH. REP DID NOT "TAKE" FILES, BUT RATHER USED THEM IN THE NORMAL COURSE OF BUSINESS. REP'S ACTION WERE NOT IMPROPER AND THERE IS NO BASIS FOR STATE REASON FOR DISCHARGE.
More Information
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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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