Ollie Baldwin Harris III of Houston Texas a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint which settled for $15,000.00 in damages on October 30, 2017 based on accusations that from July 21, 2011 to July 28, 2017, Harris failed to follow the customer’s instructions of investing the customer’s assets in low-risk conservative investments and instead invested the customer’s assets in energy and health care sector securities that caused the customer to sustain investment losses.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer initiated investment related arbitration claim concerning Harris’ activities was resolved for $30,000.00 in damages supported by allegations that while Harris was associated with Merrill Lynch, Pierce, Fenner & Smith, Inc., he gave the customer bad advice and failed to invest the customer’s assets in securities that reflected the customer’s financial status and objectives for investing. National Association of Securities Dealers (NASD) Arbitration No. 96-00195.
Thereafter, on August 20, 2015, a customer filed an investment related complaint involving Harris’ activities in which the customer requested damages estimated to exceed $5,000.00 based upon accusations that the customer had been misled concerning the fees and commissions that were to be charged for the customer’s investments in First Trust United Investment Trust products.
Harris has been employed by Wells Fargo Clearing Services, LLC since January 1, 2008.
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