WILLIAM RONALD WICKHAM

WILLIAM RONALD WICKHAM is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 74760 HIGHWAY 111, STE 100, INDIAN WELLS, CA, 92210.

WILLIAM RONALD WICKHAM has worked at WELLS FARGO CLEARING SERVICES, LLC since February 17, 2012

Disclosure History

WILLIAM RONALD WICKHAM has 2 Disclosure Event(s).

Date: March 10, 2008
Category: Customer Dispute
Allegations: CLIENT ALLEGES MISREPRESENTATION CONCERNING THE LIQUIDITY OF AUCTION MARKET SECURITIES. DAMAGES UNSPECIFIED.
Settlement Amount: $450,000.00
Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHERE THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.

Date: October 01, 1996
Category: Customer Dispute
Allegations: CUSTOMER'S CONVERSATOR ALLEGED FIDUCIARYABUSE OF AN ELDER; THAT THE CUSTOMER HAD NO UNDERSTANDING OFWHAT WAS HAPPENING IN THE ACCOUNT WHEN SHE LIQUIDATED APORTFOLIO OF "BLUE CHIP" SECURITIES WHICH HAD A VERY LOW COSTBASIS. SHE SUBSEQUENTLY SUFFERED A TAX LIABILITY. ALLEGEDDAMAGES WERE $232,000.
Damage Amount Requested: $232,000.00
Settlement Amount: $110,000.00
Broker Comment: PAYMENT TO CUSTOMER OF $110,000WE DO NOT BELIEVE THERE IS ANY MERIT TO THEALLEGATIONS GIVEN THE LENGTH OF TIME BETWEEN THE TRANSACTIONSAND THE COMPLAINT, THE MENTAL CAPACITY OF THE CLIENT. AND THEUNSOLICITED NATURE OF THE TRANSACTIONS. NEVERTHELESS, WESETTLE THIS MATTER DUE TO THE AGE OF THE CLIENT AND TO AVOID APROTRACTED PUBLIC COURT CASE SINCE NO ARBITRATION AGREEMENT WASON FILE.

More Information

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 WILLIAM RONALD WICKHAM, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.