Potomac Analytics' Logo

FINRA Broker Allegations

Allegations against: Kevin Eugene Wagner

Allegation type: Customer Dispute

Allegation status: Award / Judgment

The allegations read: Customer filed suit against merrill lynch and wagner because of gold trading in late january 1980 because expressed desire to close gold exposure in spread transaction. wagner & office transmitted proper order approx 10m units remaining in the day's market, merrill's floor traders did not execute. Next day gold market opened substantially lower resulting in loss for client.

Back