WILLIAM ROBERT HOLLAND is currently employed as a Broker and/or Investment Adviser at WESTERN INTERNATIONAL SECURITIES, INC. located at 701 B STREET, SUITE 1830, Ste. 1830, SAN DIEGO, CA, 92101.
WILLIAM ROBERT HOLLAND has worked at WESTERN INTERNATIONAL SECURITIES, INC. since December 13, 2016
Disclosure History
WILLIAM ROBERT HOLLAND has 10 Disclosure Event(s).
Date: December 16, 2008 Category: Financial Type: Bankruptcy Disposition: CONVERTED TO CHAPTER 7 Broker Comment: WILLIAM HOLLAND AND WACHOVIA SECURITIES DISPUTED HIS RIGHT TO DEFERRED COMPENSATION RELATED TO HIS FORMER EMPLOYMENT AT WACHOVIA. MR. HOLLAND LOST HIS LEGAL CASE AND THE MOUNTING LEGAL EXPENSES FORCED THE BANKRUPTCY ISSUE. THE CASE WAS CONVERTED TO CHAP. 7 AS THE LIABILITIES, AND AWARD OF DEFENDANT'S LEGAL EXPENSES, GREW TO IN EXCESS OF $1 MILLION. A SETTLEMENT OVER VALUES OF THE BANKRUPTCY ESTATE ASSETS IS PENDING AND IS EXPECTED TO BE RESOLVED IN THE NEXT 30 DAYS. NO FINAL JUDGEMENT OR LIEN HAS BEEN DETERMINED IN ANY DOLLAR AMOUNT AT THIS TIME.
Date: August 17, 2006 Category: Customer Dispute Allegations: CLIENT CLAIMS THAT TRANSACTIONS FROM APRIL 2004 TO AUGUST 2004 WERE UNATHORIZED. THERE WERE A FEW MUTUAL FUND LIQUIDATIONS AND PURCHASE OF PREFERREDS IN WIFE'S IRA. THE CLIENT CLAIMS THAT THERE ARE LOSSES OF $35,000 ASSOCIATED WITH THIS ACTIVITY. ARBITRATION FILED ON 07/05/2006. ALLEGATIONS CA CLAIMANTS ALLEGE THAT FA, WILLIAM HOLLAND MADE UNSUITABLE AND UNATHORIZED TRANSACTIONS RESULTING IN LOSSES OF $455,000. Damage Amount Requested: $455,000.00 Settlement Amount: $90,000.00 Broker Comment: ARBITRATION FILED ON 07/05/2006.***CLAIMANTS THEREAFTER FILED AN AMENDED STATEMENT OF CLAIM NAMING PRUDENTIAL EQUITY GROUP, LLC AND BROKER SINCE THE TRANSACTIONS COMPLAINED ABOUT OCCURRED WHILE BROKER WAS EMPLOYED BY PRUDENTIAL, NOT WACHOVIA. ***CLAIMANTS DISMISSED THEIR CLAIMS AGAINST RESPONDENT BROKER WITH PREJUDICE PRIOR TO SETTLEMENT WITH PRUDENTIAL. CLAIMANTS DISMISSED THEIR CLAIMS AGAINST PRUDENTIAL AND WACHOVIA IN EXCHANGE FOR A PAYMENT OF $90,000 BY PRUDENTIAL.
Date: February 15, 2006 Category: Customer Dispute Allegations: CLAIMANT ALLEGES UNSUITABLE RECOMMENDATIONS CAUSED HER A LOSSES OF $114,227.50 Damage Amount Requested: $114,227.50 Settlement Amount: $40,000.00
Date: December 10, 2002 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT INVESTMENT INTO CONSECO AND VAL WERE NOT SUITABLE OR AUTHORIZED. Damage Amount Requested: $5,000.00 Broker Comment: THIS MATTER IS PENDING. CLIENT MET WITH ME FOR AN HOUR AND WE HAD SEVERAL PHONE CALLS AS WELL. THE REQUIREMENT WAS $1,000.00/MONTH - WE PRODUCE WELL OVER THAT AND HIS ONLY COMPLAINT WAS WHEN WE PAID OUT $3,000.00 RATHER THAN $1,000.00
Date: September 09, 2002 Category: Customer Dispute Allegations: CLIENTS ALLEGE THAT FA PLACED THEM INTO UNSUITABLE INVESTMENTS. Damage Amount Requested: $70,000.00
Date: September 09, 2002 Category: Customer Dispute Allegations: CLIENT THROUGH HIS ATTORNEY ALLEGES THAT UNSUITABLE INVESTMENTS WERE PURCHASED FOR HIM WITHOUT HIS SPECIFIC AUTHORIZATION. Damage Amount Requested: $80,000.00 Settlement Amount: $42,500.00 Broker Comment: I DENY ALL CLAIMS. SALES WERE MADE ON A MONTHLY BASIS AT THE CLIENT'S REQUEST FOR REQUIRED IRA DISTRIBUTATIONS. THE MAJOR PROBLEM WAS A 3 YEAR DOWN MARKET. THE CLIENT BROUGHT MANY STOCKS IN WHEN HE TRANSFERRED HIS ACCOUNT TO PSI IN 1999. SOME OF THESE WERE SOLD AND THOSE THAT REMAINED, LIKE EMC AMD ORACLE, WERE THE CLIENT'S CHOICE.
Date: July 09, 2002 Category: Customer Dispute Allegations: CLIENT'S ATTORNEY ALLEGES THAT HIS CLIENT'S FINANCIAL ADVISORS' UNSUITABLE INVESTMENT RECOMMENDATIONS AND MARGIN BORROWING ADVICE RESULTED IN SUBSTANTIAL LOSSES TO HIS CLIENT. Damage Amount Requested: $25,000.00 Settlement Amount: $4,900.00 Broker Comment: THIS CLAIM WAS ENTIRELY NON-MERITORIOUS AND WAS SETTLED ONLY TO AVOID THE EXPENSE AND DISTRACTION ASSOCIATED WITH A TWO DAY ARBITRATION HEARING.
Date: February 11, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGE FA MISMANAGED THEIR PORTFOLIO. HE DID NOT SELL EMC STOCK AS IT WAS STEADILY LOSING VALUE. HE DID NOT PURCHASE A CLOSED END BOND FUND BUT RATHER INDIVIDUAL JUNK BONDS WHICH WERE UNSUITABLE. Damage Amount Requested: $359,451.00
Date: April 02, 1987 Category: Customer Dispute Allegations: ALLEGED CONVERSION, INTENTIONALMISREPRESENTATION, NEGLIGENT MISREPRESENTATION FRAUD AND"SUPPRESSION OF FACT" CONSPIRACY, INTENTIONAL INFLECTION OFEMOTIONAL DISTRESS, BREACH OF FIDUCIARY DUTY, AND TRESPASS TOPERSONAL PROPERTY. TOTAL ALLEGED DAMAGES EXCEEDS $25,000. Broker Comment: THE ENTIRE ACTION WAS DISMISSED WITHOUTPREJUDICE.Not Provided
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