ZACHARY DALE ARCHER is currently employed as a Broker and/or Investment Adviser at BOK FINANCIAL SECURITIES, INC. located at 1400 S. SANTA FE, EDMOND, OK, 73003.
ZACHARY DALE ARCHER has worked at BOK FINANCIAL SECURITIES, INC. since June 02, 2010
ZACHARY DALE ARCHER has 2 Disclosure Event(s).
Date: September 05, 2002 Category: Customer Dispute Allegations: CLIENTS ALLEGE ARCHER INFORMED THEM A CERTIFICATE OF DEPOSIT (CD) HELD IN THEIR ACCOUNT WAS GOING TO MATURE WHEN IN FACT THE MATURITY DATE WAS APPROXIMATELY TWO YEARS IN THE FUTURE. CLIENT CLAIMS LOST INTEREST AS A RESULT OF ARCHERS SUGGESTION TO SELL THE CD. CLIENT ALLEGES ARCHER INFORMED THEM HE WOULD PURCHASE DOUBLE TAX-FREE BONDS WITH THE PROCEEDS FROM THE CD AND INSTEAD PURCHASED BONDS WHICH WERE NOT TAX EXEMPT. IN ADDITION, CLIENTS STATE TAX FREE BONDS WERE PURCHASED IN A REITREMENT ACCOUNT WHICH WAS INAPPROPRIATE. CLIENTS FURTHER ALLEGE ARCHER PURCHASED MUTUAL FUNDS WITHOUT THEIR AUTHORIZATION AND WITHOUT MAKING THE PROPER DISCLOSURES. CLIENTS REQUEST THEIR ACCOUNTS BE "MADE WHOLE" PRIOR TO ARCHER BEOMING THEIR INVESTMENT REPRESENTATIVE. ALLEGED LOSSES EXCEED $5,000.00. Damage Amount Requested: $5,000.00 Settlement Amount: $405.00
Date: May 26, 2002 Category: Customer Dispute Allegations: CLIENT STATES ARCHER SUGGESTED HE PURCHASE SHARES OF PEREGRINE SYSTEM INC AND WORLDCOM IN HIS ACCOUNT IN JANUARY 2002. CLIENT QUESTIONS IF HIS TRADE CONFIRMATIONS ARE REAL AND ALLEGES THAT ARCHER SOLD SHORT AT ANOTHER FIRM AND IS USING THE CLIENT'S FUND TO PAY FOR THE STOCK. CLIENT FURTHER STATES HE HAS NEVER RECEIVED ANY ADVICE REGARDING THE STOCKS SINCE THEY WERE PURCHASED. UNREALIZED LOSSES EXCEED $5,000.00. Damage Amount Requested: $5,000.00 Broker Comment: SHARES OF PEREGRINE SYSTEMS INC AND SHARES OF WORLDCOM INC WERE PURCHASED IN THE CLIENT'S ACCUNT IN JANUARY, 2002. AT THE TIME OF THE PURCHASES, THE CLIENT RECEIVED TRADE CONFIRMATIONS. IN ADDITION, THE CLIENT HAS RECEIVED CUSTOMER STATEMENTS WHICH PROVIDE INFORMATION REGARDING THE INVESTMENTS HELD IN THE ACCOUNT AS WELL AS REFLECTING ACCOUNT ACTIVITY. THEREFORE, IT IS OUR OPINION, THE TRANSACTIONS WERE AUTHORIZED. IN ADDITION, IT DOES NOT APPEAR THE INVESTMENTS WERE OUTSIDE THE SCOPE OF THE INVESTMENT OBJECTIVES OF THE ACCOUNT. EXPLAINED THE DECLINE IN VALUE OF THE STOCK IS ATTRIBUTED TO THE MARKET FLUCTUATION WHICH IS A RISK ASSOCIATED WITH INVESTMENT. THERE IS NO EVIDENCE TO SUPPORT THE CLIENT'S ADDITIONAL CLAIMS AGAINST ARCHER. CLAIM DENIED.
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